How To Make $5000 in 30 Days Working 2 Hours a Day

http://JoeCrumpBlog.com - Sign up for free real estate investing training with 25 year real estate veteran, Joe Crump. Learn how to build an automated, sustainable, profitable investing business with no down payments and no credit. Discover the most advanced automation software for investors available today at: http://www.PushButtonAutomarketer.com Learn how it will bring you a flood of motivated seller financed leads every single day. Six Month Mentor Program: http://www.ZeroDownInvesting.com Read Transcript: Hey, it’s Joe Crump. This next outrageous claim video is titled How to Make $5,000 in 30 Days Working 2 Hours a Day Five Days a Week. And this is predicated upon having some knowledge. Once you learn how to do this, working two hours a day is probably not going to be necessary. If you work, you know, three or four hours a week, making $5,000 in thirty days is going to be very realistic and something you can do every thirty days or you can do every week if you gear it up and work a few more hours to make it happen If you’re new at this or you’re just getting started or you’re looking for a way to invest that doesn’t require your cash or your capital or your credit then I would suggest that you use my for rent method where we go after for sale by owners and people who have their homes for rent and we ask them if they would consider selling their home rent to buy rather than just selling it outright or rather than just renting it. A certain percentage of those people say, “Yeah, I’d consider that.” When they say yes we then have them sign a one page lease option memo that gives us a principal interest in that deal which makes it legal for us to go out and sell that property if you don’t have a license. So you can go out and sell these properties. You raise the price by say, $5,000 and since you’re selling it on terms, your pool of buyers goes up dramatically. 75% of the people in the United States cannot get a loan, cannot get a mortgage, which means that those 75% can’t own their own house unless they buy it on terms. And there aren’t that many properties available on terms. So when you have a property for sale on terms, it makes it really easy to sell. With lease options the monthly payment is at or below market rent. They’re more sensitive about the monthly payment then they are about the purchase price. You can usually sell it for a little bit more. Let’s say I’ve got a property for $200,000 and it rents for $1,500 a month and that’s market rent. I’m going to get $1,500 a month for it, I’m going to raise the price to $210,000. I’m going to ask for $10,000 up front, but if they don’t have $10,000 I’m going to take $5,000 and then I’m going to have them make the payments on the other $5,000 over the next few months. I can get more money by doing higher priced properties and asking for more money down even though they don’t have enough money for the down payment now. When you’re advertising your homes rent to buy don’t put in how much down payment. Just put “down payment required” and then when they call ask them how much they’ve got for a down payment and try to negotiate from there. You make $5,000 really quick just by flipping one deal with very little work, talking to the sellers, getting control of the property, putting it on the market. We almost always are able to sell these properties from between two and four weeks on a lease option. Make sure on your Craigslist and your ads that you say rent to buy or lease to own or lease option in the title so the people know from the title to click on the link and look at the ad and see what you’ve got. Put lots of pictures of those properties and you will get those things sold. If it doesn’t sell in 30 days, nine times out of ten the problem is that your monthly payment is too high. Lower your monthly payment to to get it down with market rent. That market is going to tell you whether or not you’re priced properly. People look at between eighteen and twenty-three houses on average before they buy one. If yours isn’t the very best that they see for that money, then they’re going to buy something else. To read this transcript and more of Joe Crump's articles, click here: http://joecrumpblog.com/how-to-make-5000-in-30-days-working-2-hours-a-day/

Comments

1. Q1.) To whom will all the future monthly payments go to (without counting the monthly payments that have factored in the other 5000+ you added to the downpayment)? You or the seller with whom you negotiated the lease option memo?
   Q2.) Are you selling the house for the seller? In other words, your money coming in is the 5000-10000, nothing more, correct?
   Q3.) Most down payments with those who qualify for a mortgage are 1,000. So the catch here is that you can up the price on the down payment because you are selling it on terms with those who cannot get a mortgage?
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3. The real deal real este investor
4. Someone kik me Nd help me out on this @Kimo173
5. So are you a millionaire? So your saying that with your matrix program I can be a millionaire in two years hmm. I'm pretty sure I still have bills an stuff to pay wage year I doubt I'll be a millionaire with everything combine.
6. So, you buy from Seller A with a lease option, now you (buyer A) have a principle interest, then you sell to buyer B for $X more than you bought it for, and buyer B begins making payments... But, who actually still OWNS the home?  Seller A, Buyer A (You), or buyer B?  When buyer B buys the house from you, are you then out of the deal completely, or are they paying you, and you're paying seller A for X number of months?