Or a minimum 1-year apartment contract 4.
From Monica Main Monday -- Do you remember those two? Did any of these get-rich-quick "systems" really work? Some gave me good ideas but NONE were "complete" from start to finish.
Yes, I wanted more than anything to make tons of money with real estate. Am I contradicting myself? And I mean it!
Yes, you CAN do traditional no money down deals. My course created a lot of very successful real estate investors. One of the main elements of that course had to be changed because of the new market.
It was the "no money down" aspect. What do I mean by this?
If you purchase a home with no money down, your mortgage payments will be higher than what you can reasonably charge for monthly rent. I was watching some DVDs by a real estate "guru" about two months ago to see what my competition is up to. In his videos, he proceeds to explain that you can get the owner to "take back" some or the entire mortgage.
Then he says that you should get a lease-option for a year or more. How is that a "no money down" deal when you have to pay for the lease option contract?
You use one of my many highly effective no-cash-no-credit strategies. And within only 12 to 18 months!
I wanted to be obscenely, extremely, outrageously RICH! Even if the whole world falls apart, people will always need a place to live. Even cavemen lived in…well, caves. That was the first form of real estate.
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