Is it possible to buy real estate with none of your own money? Want to know a strategy for how to buy real estate with no money?
If you’re going to attract money partners (particularly if you don’t have a long track record investing in real estate) – You’re going to need to find fantastic deals! Deals so good that people with money will chase you down, so they’ll throw money at you.
How can you find deals this good? Well in my opinion the best deals are found privately. Finding a private deal isn’t easy, your going to have to put in the work and effort – but it is possible to find fantastic deals privately.
Not sure what a private deal is? You can watch part one of this series here:
How should you go about finding private deals?
Well I’ve broken out how to approach private real estate deals into 4 sections:
Networking: It’s important that people know that you’re looking for private deals. Its also important that you network with the right people. Network with other landlords, real estate investors, realtors, property managers, tenants, private money lenders and wholesalers.
Marketing: It’s also important that you’re planting your flag as a private deal buyers. This could be in the form of yellow letters, websites, we buy houses kijiji/craigslist ads, magnets and business cards
Search: Walk/Driving for dollars, using google maps, studying the zoning and permit inquiry system, and scraping kijiji and commfree for private sales.
Replicate/Force a Deal: Foreclosurse, Expired listings, talking to seller of private deal to find out if they have other properties, or know other property owners etc.
Why would someone sell you a private deal (either as an owner or wholesaler? Well there’s a multitude of reasons, which I discuss in this video.
Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he’s acquired over 25 units.
As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption.
How Can You Buy Real Estate with no Money? Private Real Estate Deals Part 2: Overview #buy #RealEstate in #Canada
I was young and now I am old, yet I have never seen the righteous forsaken or their children begging bread. They are always generous and lend freely; their children are blessed. – Psalm 37:25-26