Joe: Hey, it's Joe.
I've got another question here.
This person says, "Can you really buy house with zero down and
bad credit?"
Joe: The answer is absolutely yes.
We've done it hundreds, well, thousands of times.
If you count my students as well, we've done it many, many times over the last 20-some
years that I've been in this business.
Joe: There's a hierarchy of zero down structures that I teach.
I teach you how to use which structure at any particular time.
The structure names are "Subject-to" (which many of you have heard about), "Multi-Mortgage"
which is one that I created, land contracts or contract for deed depending on whether
you're in a trust deed state or a mortgage state, lease options and then assignable cash
deals.
All of those are zero down structures where you can control the property, where you can
OWN the property, where you can actually get the deed to the property without qualifying
for a mortgage or without making any down payment by just taking over the payments on
a mortgage or by creating a new note and mortgage.
So it's very possible.
Joe: The trick and the thing that most people think is, 'Nobody would do that.'
But that's not the case, clearly.
We've done it so many times.
And I've even created automated subject-to deals.
I've done it with the lease option method that we teach.
We do a lot of this with the lease option -- I call it "The For Rent Method".
This is where we go after people who have their homes for rent or for sale by owner
and we show them how we can sell their property lease option and get them out from under a
property, and then protect them and solve the problem that they've got of having this
vacant property or a property that they can't sell.
Joe: And, they love us for it.
It makes it very easy to sell this.
If you get good at the things that I teach and learn how to talk to these people and
make these offers, then it's not a problem.
Joe: There's lots and lots of these leads.
If you look at the for sale by owner section on Craigslist, you'll see the leads that we're
working with.
We use an automated scraper that I've talked about in the past that pulls those names off
of there and then sends emails out to those people.
It gets the people that are most interested to reply and say, 'Yes, I would consider that.
Tell me more.'
And then it sends them to a website and the website explains it to them and it builds
our credibility and explains to them and teaches them and shows them why it makes sense for
them to do it our way.
Joe: Then, a lot of times, they'll go right online to our lease option memo and they'll
fill out the form online (or I guess, fill out the form online typing it in) and hit
'This is my digital signature.
I accept this form.
Click on this' and then it sends it to us as a finalized lease option memo that we can
then turn around and sell, take the assignment fee, put a buyer in there and then we're in
and out of the deal and we're done.
Joe: And that's the simplest form of it.
That's the form of it that I teach my mentor students the first day they're in the business
or the first day that they come to my Two Day Buying Event.
When you come to that buying event, I teach you how to do it, and we actually make offers
right there at the buying event.
Joe: So you can learn how to do this in one day.
The first day that you're in my mentor program and the first day you buy the "Push Button
Method", you listen to one recording and you make offers the second day.
If you're at the buying event, you make offers the very first day you're there.
Joe: So yes, this is very possible.
It's even a mundane question to me now.
I've heard it so many times that it's hard for me to get my head around the idea that
people don't understand why this would work.
Joe: And by the way, look at my case studies page.
If you got to joecrump.com/partner/casestudy.html,
then you can look at some case studies of my students who have done this for themselves.
There's 40 or 50 different videos on there of people that have done this.
So hopefully that helps you understand.
Thanks.
Bye, bye.