But I Don’t Have the Money

Is real estate a good, safe, profitable investment?  Consider this: More millionaires have made their fortunes using real estate as their primary investment over any other investment vehicles – including stocks and bonds.

With real estate, an average American with no college education can buy a house – often at less than 50 cents on the dollar – with little or none of his own money, get great tax breaks, and here’s the best part: have his tenant (or buyer) pay for it all!

Can you name any other investment that can match these benefits?  No?  So then why aren’t a lot more folks investing in real estate?  Why do so many people choose to be realtors instead of investors – lord knows, investing pays a lot more!

The answer to these questions is best summed up by the excuse most would-be investors give: “I’d love to invest in real estate, but I don’t have the money, and the bank won’t loan me a dime.”  Folks, this is one lame, stinkin’ excuse! 

Rarely do Kim and I go to banks for our purchase funds.  In fact, since 2005, we can count on three fingers the total number of loans we’ve gotten from banks to do our deals.  So how are we paying for them?

At our November real estate investors’ meeting, that’s exactly what we’ll be discussing.  Our good friends Reggie Lal and his BEA-U-TI-FUL wife Danielle flew in last night from the West Coast.  Reggie and I will be showing seven of the ways we creatively fund our deals.  It will be a real eye-opener!

For example, this past March, Reggie and Danielle made a successful short sale offer and bought a home in San Diego for $550,000.  A $50,000 rehab brought their home into showroom condition.  They sold it last month for $769,000 and pocketed a whopping $169,000!

If you think Reggie and Danielle’s purchase money came from a bank, you’d be wrong.  They borrowed the funds from a friend’s Roth IRA.  This is just one example of creative financing at work.

Here are the funding techniques we’ll be discussing: Master Leases, Owner Financing, Subject-to deals, Private Money Lenders, Hard Money Lenders, Money Partners and Options.

People mistakenly think that having the money to do a deal is the most important aspect of real estate investing.  It’s not.  Having a GREAT DEAL is the most important thing of all.  If you control a great deal, the funds will beat a path to your door.

Kim and I are Baby Boomers.  If you’re also a boomer or Gen Xer, then, like us, you realize that you will be responsible for paying for your golden years.  Please start getting ready for your retirement.  As Jack Miller said: There’s nothing worse than being physically alive and financially dead.