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Buy With No Money Down

Here are a couple of ideas that should help you get started in the right direction and answer how you can do a no money down deal with no cash, no credit, no income, no nothing, except having some general knowledge backed with a desire to succeed by going out there and taking ACTION!

The key to finding a lot of deals in this game is to look for the motivated sellers. Forget about looking for houses; that's a waste of time and requires way too much work. Narrow it down to dealing only with motivated sellers and make fewer offers that result in getting more offers accepted.

What is a motivated seller?

Motivated sellers are those that have been trying to sell, but haven't been able to for one reason or another.

They may be facing foreclosure.

They may be in a divorce situation.

They may have been transferred with their job and need to move.

They may have lost their job and can't afford the payments.

They may have purchased another home and are now stuck with two mortgage payments.

They just need to get out from under their mortgage payments.

What is a motivated buyer?

Motivated buyers just need someone that will sell to them. They can't get a bank loan, or some just "think" they can't get a bank loan.

Motivated buyers only care about two things: How much down and how much per month? If they can afford the payments and have enough to put down in order to allow them an opportunity of owning a home, price doesn't matter to them as much. They just want to be able to buy a home.

The way most people make money in this game is by using creative techniques to solve problems while being able to structure the deal to make a profit.

Be a problem solver

Your job is to find the solutions to fix someone else's problems. Sit down with these people and find out what their problem is. Once you figure out what their real problem is, you now know what they need.

They all WANT an all cash sale, and they WANT full price. But your job is to find out what they really NEED. Once you determine what they really NEED, your job is to come up with the SOLUTION, get them what they NEED, and SOLVE their PROBLEM! That's how good deals come together.

Get the motivated sellers to call you

The best way to find the motivated sellers is to get them to find YOU. Get the word out that you buy property: any property, any condition, any price, any time. It doesn't matter. Just present the property to you, and you will figure out a solution to solve the Sellers' problems to get them what they need.

Get a bunch of business cards printed up. Put them out everywhere you go. Hand them out to everyone you meet.

Get flyers made up. Post them everywhere you can. Put them in Laundromats, bowling alleys, advertising boards in supermarkets, car washes, etc.

Then get some poster signs made up. Post them anywhere and everywhere you can, like telephone poles. Nail them to a stake and post them in the ground on every intersection in town.

Let the world know that you buy houses for CASH. Just give you a call!

Eventually people will start calling you. Most won't be motivated, but some will. When they call you, that's when you screen them over the phone first and determine their motivation. Then you go visit them and get face to face with them and build a relationship with them.

You want them to get comfortable talking to you. They may want to talk about their dog for all you care. Let them! Get comfortable with them. Let them build some trust in talking with you. Whenever they talk, you SHUT UP and just LISTEN!

Listen, listen, listen

Listen to everything they say. The more they talk, the more information they let out. The more information they let out, the more you learn about their problem. The more you learn about their problem, the more you will be able to find out what they really need.

Once you got that information you can now figure out a solution that will solve their problem by being able to give them what they need. Your solution to their problem gets them what they need, and you make a profit for your problem solving skills. You're a problem solver. You are the doctor of solutions, Dr. Buyer, the master of problem solving!

If your buying for investment you need to read my real estate course. I will teach you on how to buy properties at 30% under market with as little as $2,500 down, and without getting a new mortgage - even in our current real estate market.

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