5 Ways To Make Money In Real Estate With No Money And No Credit

5 Ways To Make Money In Real Estate With No Money And No Credit

Author: Donald Griffith

Not only is it possible to make money in Real Estate with no money and no credit, that is the best way! When you are buying multiple properties a year you do not want to use your money or credit. You can only leverage so many homes with your own financing and lenders make it extremely difficult after you own 4 homes.

So how do you do it? These are the 5 Best ways:

1) Wholesaling- Find a home that a seller wants to sell quick, put it under contract and close on it with a Hard Money Loan (no Credit check) and sell the contract to a Rehabber or potential Homeowner. You can make a lot of money with this strategy alone between $10,000 to $100,000 per deal.

2) Buy a home subject to existing financing. You would be surprised how many owners will let you take over their existing mortgage as long as you make the payments they will be happy! Once you own it sell it to a rehabber or home owner and make the difference between the existing loan and what you sell it for!

**An advanced strategy if the loan is non-performing,you can buy the note of the home that you now own for pennies on the dollar just before you sell it. That way you really cash in! You can make a lot of money with this strategy $100,000 plus is potentially there.

3) Assignment of Contract - Simply put the home under contract and find buyers that will purchase the home for more then you offered the seller. The sell the contract to a buyer. You make money by selling the contract. You can make between $10,000 to $20,000 per deal with this strategy.

4) Lease with option to purchase - You control the home through a lease and add an option to purchase. Then you can sub lease the home and sell the home at a future value higher then you option price. You can also just offer the seller an option - control the home and sell the option to a buyer.

With this strategy you can make money on the option from the potential Buyer, Monthly cash flow, and Back end sale profit. The numbers will change for each deal but there is a lot of money in this strategy.

5) Bird Dog - Create a list of buyers and locate properties for them for an agreed upon price per property. You can usually make between $1,000 to $2000 per deal with this strategy.

So where do you find the sellers and buyers for these strategies. What forms do you use to make the deals go smoothly?

Real Estate and the Economy are causing many Financial Hardships. If you would like to help people solve their financial debt problems and get paid to do it, go to Home Finance Solutions - http://www.homesolutionsquick.com and get a $200 Gift from me that will allow you help other people, or yourself resolve Mortgage issues and Personal Debt problems. You will have access to your own team of professionals that can solve these problems nationwide. If you know people that are facing these hardships you can be the solution! Donald Griffith Speaker / Author / Real Investing Coach is available to speak to your group.