Can You Pass This Real Estate Investor Test?

Click here to get this post in PDF

Here is the test:

1. Do you have a high 700 credit score (or higher)?
2. Do you have 20% down for a purchase?
3. Do you have about 5-6 hours per day for the MLS?
4. Did you spend about $30K on training to flip houses?
5. Did you quit your job so you can do this full time?
6. Have you built your team (LLC, Insurance guy, Attorney, etc.)?

Yup, if you said no to anyone of the above you have flunked the test and would bet you think you will struggle in the investing arena, am I right?

WRONG!!!!!!!!!

See, this is the type of thinking some want you to have.

Funny thing is, most people know only the stuff that qualifies as common knowledge. In this case I ask you; how much more effective would you be if you had a greater understanding of real estate investing?

For me, when I got the true facts about what was really going on right under my nose whether by accident, or by someone being clever, things started working better for me.

When I was blind to these things I noticed it went very badly for me. And I am not talking about the technical aspect of deal structuring or how a standard deal flows. It’s more like how the real estate industry is actually rigged and made difficult on purpose.

Of course it helps to see the real estate investing world as math, and not magic when doing deals.

Let me explain what I mean …

The: “common knowledge rules” are coming from these folks:

1. The Realtor
2. The Banker
3. The Attorney (or closing agent)
4. The Insurance man
5. The Title company

Think about it. If you bought and sold houses and didn’t need any of the above – what would that do to their income, or lives?

You tacking with me so far?

A lot of people tend to say what they think you want to hear or what will cause some reaction they want. When you know this and can see it – – you will start to unravel life a bit more.

So lets see if we can free you of some the shackles of oppressive reality . . .

How About We Break Apart Some Common Myths To Unblock Your Freedom

You need to have money to invest:

BIGGEST LIE in the industry. Just what I was speaking earlier! The banker is spreading this around.

Before the banker came onto the scene most folks didn’t have the capital to buy property. So the only way to sell was for the seller to carry back the mortgage.

I have bought dozens and dozens of houses by either doing owner financing, lease options, or just getting the deed and continuing to pay the loan already in place (and yes this can be done legally).

So the banker has made it easier for those who want cash to get cash. However the buyer in the end pays about 3-times more for the property than we do? Just do the math. Multiply your own monthly mortgage payment by 360 (30-years) and see how much you’re going to pay for your house?

Here is another fact – about 81% of the good ole USA is not qualified for a new loan.

So now what?

Why do you think it’s so hard to get one of 19%’ers (81% minus 100%) deals done? The qualified buyer knows he who holds the gold makes the rules! So they ring you out when selling. To sum it up: make you do what they want before releasing funds, or closing on the deal.

Thus the reason for all of those horror stories you hear about buyers backing out two days before the closing and leaving the seller in the noose of the hangman.

How about this fact – about 34% of the United States is FREE & CLEAR. Which simply means 34% of all real estate doesn’t have a mortgage on it?

Why don’t more people know about this?

Bankers don’t make money unless they lend it. So the objective is to get those 34% FREE & CLEAR to have mortgages so the interest could be collected.

I have bought at least 200 properties in my career (over about 15 years) and not once used a bank!

And if you follow my stuff by clicking here, you can too.

MYTH: You need to buy low & sell high to make money:

Whoa … so not true!!

There are two ways to make money in real estate:

a) With the equity (which is buy low sell high – – and common knowledge)

1. b) Or, with cash flow every month

My #1 rule when looking at a deal is does it have these three things:

• Money now
• Money monthly
• Money later

Let say I had a deal that looked like this:

Owner wants $150K for a property that is worth $160K. But he is willing to take monthly payments until I could get him paid in full.

This could be a lease with an option to purchase. Or an owner finance deal. Or, a take over the deed deal (subject to is the slang term). Doesn’t really matter for this example.

Owner is looking for a $1,100 a month payment (which includes taxes and insurance). You can lease for $1,500. So that leaves a net profit of $400 per month, right?

Well if you had this property for 60-months (5-years) you would cash flow 24,000 for a profit. Then we still have the $10K (bought for $150K and sold for $160K). So that means you made a $34K profit.

Best part of this deal is you didn’t need a deposit, a banker, a Realtor, etc. You just did the deal on your own (with a little training).

Would you be happy with a deal that paid out $34K with no money down, no banks, and was easy peasy to do? I know I am.

Back to my money now, money monthly, and money later. If you are only making money now you don’t spend a lot off time on the deal. If you are making money now and money monthly you spend more time. And of course if you have all three profit centers you spend what time you need to to do the deal.

Make sense?

Good, let’s move on …

MYTH: You need to dedicate a lot of time to invest:

This one will blow you away!

Believe it or not – – I buy 2-3 properties per month and don’t do it full time.

What I have found is systems that work are best. I am not going to beat this drum with you today. You have probably been told this a hundred times already.

What takes time in this business (I think) is deal hunting. Finding motivated sellers!

You get this nailed down and you’re in like flint.

So the #1 rule here is you don’t chase deals. You cast your net and let the deals come to you. Once you know how to do this life in real estate becomes a lot easier.

Click here to listen to my podcast about how I do it.

Weed out the suspects and locate the prospects and you will soon save yourself a TON of time.

MYTH: You need to know everything before you start – – especially how evaluate property and deal structuring:

Bull cocky! That’s my answer!!

Let’s face it; you’ve been snookered by the real estate goo-roos trying to sell their shyt.

True, there are so many facets to real estate investing. Like wholesaling, subject to, leasing, buying tax liens, foreclosure, yadda, yadda yadda.

I’m going to follow Henry Ford’s model.

He believed every American should own an affordable car.

Well, I believe every American should be able to buy and sell real estate if they so choose.

And like Mr. Ford I have made this possible.

With my How To Buy A House Without A Loan you can be educated on what it took me 15 years to learn all in about one days training.

There have been many before you who have taken my advice and are now buying and selling real estate for profits after this short succinct easy course.

But I am not here to try and sell you.

The bottom line is this …

• Call a “for sale by owner” using my tested and proven my script
• Find out if they are willing to let you make payments until you can pay them in full
• Go look at the house and make sure it’s not dysfunctional and is pretty (doesn’t need work)
• Make them an offer this way:a) Negotiate the price for the option agreement first
  b) Negotiate how much your payments will be
  c) Negotiate how long they will let you make payments (the term or time period)
• Create Lease Option paperwork and close a deal.
• Find one of the 81% who can’t get financed and sell to them without a bank loan

See, the magic of what I tell you in this article is right here …

THE WAY YOU BUY A HOUSE WITHOUT A LAON IS TO USE THE BUYERS
MONEY TO CLOSE ON THE PROMISED AMOUNT TO THE SELLER!

All you are doing is creating the time for the buyer to figure out how to get his loan. If he doesn’t qualify now, help him get qualified over a 24-month period.

I will tell you …

They would go out of business!!!

So do you think they want you to know how to buy and sell real estate knowing this strategy?

Or, do you think they would want to hide it from you?

Think of what Uber is doing to the taxi service?

Or what AirBNB is doing to the hotel business?

How about what Amazon is doing to Walmart & retail stores?

Get it?

Just so you are not in mystery, what I am talking about is understanding and using “Options.”

Now – and this is important – if you ask one of the above 5
about this “Option” thing they will tell you they know about it.

But if you ask them to do it for you …

They will get amnesia and not know how to do it!

Wonder why?

Fortunately, I have the ability to take you underground and
reveal to you all of the common sense parts of this strategy.

And, as I have said before, within 30-days I will be able to
show you how to prefect the strategy so you can actually
tell you boss to “Shove It.”

Bold promise, I know. But you know me. I’m Ballsy like that!!!

Stay tuned, we are about to change your life (if you want to).

$100 Bill over & out!

P.S. If you want to prep yourself for this new Era Of Investing
look this over, am sure you will be blown away!

Click Here To Learn How I Buy Houses Without A Loan!