Tag Archives: make

5 Ways to Start with No Money and No Credit?

March 12, 2018   Fast Loan

One of the Myth’s of real estate is that you have to have money. This is flat out not true, you can absolutely do deals with no money and credit. There are a few precautions I want to mention, especially for beginners before explaining how to do deals with no money and no credit.

Having money and credit can certainly make it easier to do deals. It is crucial however to make sure the deal still meets your criteria. At no point in time should you bend your criteria and make the deal work by putting in your own money. For instance, if you are considering putting in 10% of your own money to make it meet your 70% LTV criteria, you should lower your offer or pass on the deal. The risk has to be warranted, in fact, all deals should be good enough where you do not have to use any of your own money. Using your own money should just sweatin the deal and improve the return without unneeded risks.

Here are some ways you can do deals with No Money and No Credit.

Use Private Money – Cash is king and having private money backing can allow you to do deals without any of your own money
Partner – If you have a strong business plan with solid exit strategies and a successful track record there is a ton of money out there to fund 100% of your deals. Make it a win-win for your partners and make it happen.
Find deals with incredible numbers – If you are an expert at finding incredible deals, doing and exiting the deals then people will fight over funding your deals.
Wholesale, Bird Dog – There is no risk, money or credit needed in getting a deal under contract or locating deals for investors.
Subject To, Seller Financing, Lease Options – Taking title to a property subject to the seller’s existing mortgage, getting the seller to carry financing or lease optioning a property are ways to do no money no credit deals.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars. Visit our site

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Why All Investors need an Assistant

March 8, 2018   Fast Loan

Would you like more time, better performance, more success, less responsibility? These are just a few of the reasons to hire an assistant. I want to quickly show you how to easily identify items you can delegate to an assistant. I will let you be the judge on how helpful it will be to hire an assistant.

Let’s do a quick exercise. Compose the following 2 lists:

List all of the tasks you do for your real estate biz and how much time that takes
List all tasks that would help improve your biz and how much time they will take

Example Tasks: Total 40 hours
Write 5 blog entries – 3 hours
Maintain participation in forums, social media – 5 hours
Send out newsletter – 4 hours
Answer my emails and phone calls – 10 hours
Market to find 25 prospects and evaluate – 10 hours
Write 5 offers – 5 hours
Face to face meetings – 3 hours

Tasks to improve my biz:
Market to find and evaluate 25 more deals per week – 10 hours
Write 5 more offers per week – 5 hours
Network, social media, buyers lists, private money generation, build relationships – 10 hours

Now I would like you to look at these lists and ask yourself, “Could someone else help me with these tasks?” “Do I HAVE to do this?” I look at the example lists above and realize that all of them can be delegated to some degree. Some I need to make the final say, but that would only require about 20% of the allotted time to each task.

The key is to define a system and delegate every process and task in that system that you do not absolutely positively HAVE to be you. Of course I want to make the final decision on whether to write an offer. But I can delegate as much of the marketing and evaluation as possible so I can quickly be presented with the all the information and make a quick decision. An assistant can easily maintain social media, email and phone calls. Anything an assistant cannot handle is passed on to me/you.

After a few months, you can really improve these systems and delegate many tasks to an assistant. It is amazing how much time can be saved, business can grow, performance improves, etc. I highly recommend getting an assistant, even Virtual Assistants are a great resource in your success.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars. Visit our site

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