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
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Website: http://www.fieh.ca
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.
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How Can You Buy Real Estate with no Money? Private Real Estate Deals Part 2: Overview #buy #RealEstate in #Canada
The Lord will indeed give what is good, and our land will yield its harvest. – Psalm 85:12
The Hungarian Experiment
September 19, 2017 at 3:10 pmANOTHER ONE! Keep it up Matt! Loving the hustle!
Roman G
September 19, 2017 at 3:13 pmGood stuff man, Would you recommend wholesaling if you are already investing in real estate with your own money?
Dawson Dixon
September 19, 2017 at 3:20 pmGreat content Matt, private deals seem the way to go. I hope to do the same thing with my next property
Macauley Goldsmith
September 19, 2017 at 4:45 pmAmazing content! Keep it up Matt
Nick Petrillo
September 19, 2017 at 4:57 pmHow do you find good tenants that won't mess up your property also how do you determine rent and where to you go to find your houses then post for Tenant's
Justin Golf
September 19, 2017 at 5:13 pmA Ton of value in your videos Matt, Thanks!
Levy Schwartz
September 19, 2017 at 5:28 pmGreat video what do you think about my way to market I have a few friends in real estate investing & I look around for good off market deals & get a Certain Amount Percent depends on the deal & I leave my percent in the house & become a 7% investor for an Example with an Option to buy more stock & cash out when we sell the property house etc. For me it's working what do you think about it?
DjEvgeny
September 19, 2017 at 5:53 pmDo you need a realtor licence for wholesaling? You mention how great it is but maybe go in depth how to make these contracts? Keep up the great info!
Jonathan Casares
September 19, 2017 at 6:11 pmWhatsup
ooitshamster
September 19, 2017 at 6:32 pmI live in NYC and I got my Real Estate agent license a few months ago but I haven't been able to join any firms due to the sheer amount of time you have to put in, and for the most part, for free since its not very stable when you start out. I'm currently a poor college student thats working full time :'( I'll be graduating soon though so when I finish that, I hope to start wholesaling but to be honest, I have no idea where to start or how, so I'm really looking forward to the whole series! 🙂
Noel Bissoondial
September 19, 2017 at 6:58 pmWow! Another video.
Mellodread
September 19, 2017 at 7:10 pmTo those that thinks wholesaling is very simple it is in the idea but not in the work you have to put in. I think where most ppl starting out have a problem is making the perfect offer ( ARV x 70-75% – Repairs- Your Spread )
What you should do is to make offers 20-60% from the list price. When making these offers expect a lot of cussing From The realtors n no from the homeowners…. but the money is on the follow up. You you offer 10 offers a day for a week you came into contact with 70 properties in which some will close n some won't In which those make great deals all you need is 1 deal… just food for thought great Vid Matt!
Dylan Hall
September 19, 2017 at 7:34 pmThank You!
Matt Geerts
September 19, 2017 at 7:56 pmI am looking forward to your series, Matt. London area wholesalers and birddogs, hit me up! I'm buying the great deals that Matt's talking about!
Ian Poulin
September 19, 2017 at 8:18 pmShould we get funding in place first so we can act quickly once we find a great private deal? I'm in Niagara Falls so come find some deals down this way and I'll help for free just so I can learn!
Max Karg
September 19, 2017 at 9:28 pmWhy not just get a mortgage through a bank?
Ana Yeli Gaspar
September 20, 2017 at 12:16 amThere is so much to learn !
Juan Escalante
September 20, 2017 at 4:54 amMatt McKeever is just a wealth of knowledge ???✊✊✊
radicalkills
September 20, 2017 at 6:55 amAwesome vid man keep it up. This channel is great
Rajan
September 20, 2017 at 7:17 amvery informational video! What do you think about rental properties in GTA area? How can we find those deals and how much down payment would be needed ?
Kellan P.
September 20, 2017 at 9:02 amLove the networking tip about replying to "How's it going?" by outlining a problem you're recently having. You're 100% right – every conversation is an opportunity!
Dan Jordan
September 20, 2017 at 12:14 pmGreat video Matt! I've got a few investors in my area I've dealt with before. I'm just trying to figure out the best methods to find the best deals so I can make use of those investors.
Ian Agard
September 20, 2017 at 3:22 pmGreat video Matt! I'm taking action today.
sang nguyen
September 20, 2017 at 6:31 pmDo you recommend a pre inspection building report? if so who should pay for the inspection? this is before buying the house
Joshua July
September 21, 2017 at 12:07 am@Matt McKeever Thank You so much!
ToMaToTree015
September 21, 2017 at 1:05 amJust earned a subscriber ? my mother is a real estate agent and she has a total of 5 investment properties. 1 rv park, 1 quadplex, 2 triplexes, and 1 single family home. She is applying for a line of credit on one of her paid off triplexes. We plan to use this money to flip houses until we build enough capitol to invest in multi unit investment properties. What is your opinion on lines of credit? Does it make more sense to go for HML? We have access to that also but the lower interest rate is what is attracting us to LOC. Also, some HMLs won't allow any principal payments until they get their interest paid first. How do you find HMLs that allow principal payments on mortgages? Thanks for you time love the videos.
SocialNinjaTraining
September 21, 2017 at 11:42 pmHeres a way you could do it by the time. You work hard during highschool save up almost all of the money. Go to college and buy your first property. Get a job and live with parents for a few years and save save save. Invest invest ivest. Thats my plans minus highschool but im already done with that
Scott Bell
September 23, 2017 at 8:15 amGreat video thank you Matt. How do you make connections with the trades people you need in your area?
Tom B.
October 13, 2017 at 4:44 pmYou got a new Sub dude! cool videos & Nice tips! When are these episodes starting tho?