Can You Really Buy Property With No Money Down? - Real Estate Investing



http://www.joecrump.com/youtube Real estate investment expert, Joe Crump, teaches zero down investing techniques. Learn foreclosures, short sales, subject to, land contracts, multi-mortgage and other creative real estate financing structures. Read Joe Crump's Blog: http://JoeCrumpBlog.com/ Six Month Mentor Program http://www.zerodowninvesting.com Read the Transcript: Do zero down techniques and structures really work? Can you really buy property safely with no money down and without using credit? The answer is: Absolutely, YES. Joe: One of the things that I'm trying to do with these videos is to answer questions about my Mentor Program, the Two Day Buying events that I do where we get everybody into a room and we buy real estate together. I want to answer questions about the techniques that we're using and the ways that we're buying real estate so that you'll have a good understanding of the process and the system that we're putting together to make this happen. Joe: I hear this question a lot: "Can you really buy properties with no money down and no credit? I've seen the late night TV guys but that seems like a scam to me." Joe: I certainly understand why it would seem like a scam to you. There's a lot of hype behind this stuff and a lot of people telling you that you can get rich quick. That's not what we're doing here. What we're doing is a business building program. We're going to talk about that in some of the later videos. So, can you do zero down deals with no credit? -- Yes, absolutely you can. Joe: It's all about how you structure it. As a matter of fact, we very rarely use money down. We very rarely use credit. When we're doing it as a business building technique, we never use those things. We almost never need to have credit or down payments at all. If you're looking for long term wealth and long term investment, that's a whole different thing and you're going to do that with your business, too, but with most people who are starting this process, they want to create a business that has immediate cash flow and money coming into their pockets right now, and that's the stuff that we're teaching. You do that with zero down. Joe: My philosophy is, 'If you can't do it with no money, you sure can't do it with money.' So, learn how to do it without money first. Use the techniques that we teach. Yes, I teach "Subject-To", multiple mortgages, land contracts, lease options and other types of seller financing and show you how to structure the deal so that it makes the most sense for the seller. Joe: I'm calling this series "Stories From The Trenches". I've been watching "Band of Brothers" which is a story about the guys in WW II from the 101st Airborne that went from Normandy all the way into Germany and helped to win the war. Joe: One of the things that I've noticed from watching those guys is that when they're under pressure together, they create bonds that they'll keep the rest of their lives. They work together as a team. They work together as a group. Joe: One of the things that has happened with the people in my mentor group, although they're certainly not under the same kind of stress that these guys were under, is that when they start something new or a little bit outside their comfort zone or normal life that they're used to living, e.g. trying new ideas, taking chances on new techniques that I'm teaching them, etc., it creates a bond between them Joe: What's come out of it all is a group of men and women that are working together, know each other, trust each other, do deals together and help each other along in this process. We've got people that are more advanced helping people come along who are new people, and people that are new who are going to the people that are more advanced, knowing they can trust and work with them. Joe: When you're first getting started in a business like this, it's really great to have what Napoleon Hill called a 'Mastermind Group' and to be able to bring all of these people together and think about the processes that you're doing and try to improve them all the time. Joe: A lot of people say to me, 'Nobody's going to accept a deal that's a "Subject-To" deal.' That's just not true. What you have to do is to find the people that are willing to do it. These don't have to be terribly motivated people. You have to find a person with the situation that needs to sell their property (which is almost everybody in the MLS). We can make offers to everybody we talk to. The offers we make aren't going to make sense to everybody we talk to, but we can make an offer to them anyway. Joe: So, it does work. We can do zero down. To read the rest of the transcript, click here: http://joecrumpblog.com/can-you-really-buy-property-with-no-money-down-3/

Comments

  1. How do we fine buyer
  2. Buying property with no money down looks like a scam but actually its not. It is possible but requires planning and discipline. Thanks for this video Joe!
  3. I bought into this years ago and without joining a mentor program with buyers it's worthless. You will need to keep paying fee's and there are no guarantees. It's no surprise he doesn't mention the fee schedule.
  4. Skip to 2:30 to get to the actual topic.
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  8. i sat here and wtach this video for over 5 minutes and didnt learn a dam thang, all he did was rumble on abut bullshit.
  9. u dont need a loan find the money hard money or seller financing learn the game and u need no money or credit.
  10. Where do I start from the beginning of our video blogs? I have always wanted to invest in real estate and now since I have been laid off, I have the time.
  11. I just started watching your videos and I love them. I have not seen any current ones are you still doing them?
  12. Hey Joe, thanks for the great info. Also, I love the Band of Brothers! haha
  13. My income is low. My credit is fucked. Student loan defaulted. No savings. Haven't made payments on anything for a long time. I live in a travel trailor full time. Until a couple of weeks ago I was completely rebelious about the whole system & unwilling to buy property just to get taxed for "Owning" it. They already taxed my income when I earned it & they are going to tax me when I die, so why bother? But I want to buy an income property & I need a loan to do it. Is there no redemption for me?
  14. @Lhupop Yes. Yes, I've had lots of folks use my material there. I've had students in Canada, the UK, Australia, France, Belgium, Malaysia and Costa Rica use these techniques. Most free nations transfer property based on a system created in 14th century England, so it's easy to translate my techniques just about anywhere in the free world.
  15. Does your technique apply to the Canadian market?
  16. @joseph4176 why AWFUL?..Do you know it is little to know risk and it gets their foot in the door. What would be a better way to start..try to flip a house?..No.!!..Provide answers and not road blocks to help people succeed...optimism, not pessimism...to dream, not to watch their backs..Joseph is doing a great job
  17. Joe you're so positive and to the point. Thank you, sir!
  18. I agree with you. These techniques are for folks who want to build a real estate investing business. I teach business building techniques for real estate investors - this is not a get rich quick scheme. Wholesaling - and I think I'm defining it a bit differently than you are - is one of the safest ways to build a cash flow investing business. You don't risk your credit or your money for down payments.
  19. The techniques are also a legitimate way to help all the folks who bought into the deceptive lending practices of a few subprime lenders that you speak of. We help these sellers solve their financial problems. We also help folks who don't qualify for homes. We can get them into their own home despite their bad credit. Take a second look at what I'm teaching, go to my web site and sign up for my free newsletter. You may have a change of heart.
  20. I understand your frustration. There is so much hype out there, it's hard to know what to believe. If you've tried zero down techniques and haven't succeeded with them, it tends to create a lot of resentment toward people who are successful with it. It's normal to believe that if you can't accomplish something, no one can. But I can tell you from personal experience, this process works. I've personally done it hundreds of times and my many, many students have done it thousands of times.


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Visibility: 84600

Duration: 5m 17s

Rating: 172