Hey, it's Joe.
This one is from Natasha in Detroit.
She says, "Hi, I'm a new real estate investor who has
some experiences with rentals and sales in Detroit, Michigan (a difficult market) and
Maryland, currently one transaction, but actively engaged looking for a buy and hold.
I'm looking to expand in Maryland but the biggest thing is funding.
Hard money is hard to find.
It's difficult to create business relationships when you can't close the deal or make anything
grow.
Any pointers?"
Joe: Yes, the big pointer is - don't use hard money.
It's too expensive and it's not worth it.
There's very few hard money lenders out there and all the deals that they do are very skewed
to them making the profit, not you.
So rethink the way you structure the deals, rethink the way you fund these deals.
And if you look at it from the seller financed zero down structures that I teach, it'll change
the whole ballgame.
Most think that they can't get into real estate investing because they don't have any money.
They say, 'If only I had money, I'd have all these great deals.'
But they don't because they don't have any money and so they can't make it work.
So you have to start somewhere - and even if you have money, you should be doing it
without money, because if you have money, eventually you're going to run out of money
- whether you have $10,000 or $100,000 or $1,000,000 or $10,000,000, it doesn't matter;
eventually you're going to run out of money and you're going to be out of business.
What you want to do instead is find ways to do it so you can have sustainable business
so you can just crank through these deals, one after the other, week after week after
week with more deals coming in.
That's what a system like the Automarketer does.
That's what my Push Button Method does.
That's what I teach my mentor students.
If you learn those processes and you get that process going, then you'll be able to do as
many deals as you want.
In Maryland, high end markets, low end markets, fast moving markets, slow moving markets,
declining markets, appreciating markets - it doesn't matter - we've used these systems
in all of those different types of markets.
It doesn't matter whether you're doing $5,000 properties in Detroit or you're doing $700,000
in D.C. - it's going to be the same structure, the same idea; you're just going to tweak
it a little bit based on the price of the property.
Your profit is going to be sort of related to the value of the property, too.
On a $5,000 property, you may make only $5,000 if you turn around and flip it (although I've
made more than that on those types of deals) and on a $700,000 property, you may make 10,
20, 30 or 40,000$ simply by doing a quick flip on those properties.
So there's no reason you can't do it.
The main thing to remember, the main takeaway on this question is 'You don't need money
to make money' - that's a myth - 'If you can't make money with no money, you're not going
to be able to make money with money.'
So learn how to make money without using your money.
Learn how the zero down structures work.
And then, learn how to do marketing that brings in zero down sellers, and zero down leads.
that's what the Automarketer is all about - constantly bringing in new zero down leads,
whether it's through the "For Rent Method", whether it's through absentee owners, or whether
it's through some of the other techniques that we've been using and that I teach - it's
all bringing in leads that we can put together zero down deals on.
So you don't need any cash - literally zero cash - no investment money, to make these
things happen.
I know it sounds crazy to people that have never done it and it's hard to get your head
around it if all you've been doing is looking for hard money, but it's possible.
Just look at some of the videos from some of my students that are on this site and I
think it'll give you a pretty good idea that we can do it.
Alright, thanks.