How to buy your first rental property? I am about to debunk everything that you
know about buying your first rental property. Yeah, yeah. I've heard all of that stuff. Save
for a down payment, put a little bit aside from your paycheck, blah, blah, blah. Well,
none of that is really true. I'm going to tell you exactly how to do it because there is a new
way to buy your first rental property. And Noelle is going to show you how. Let's go.
I'm going to share with you the new way to buy your first rental property. Forget about that Dave
Ramsey and Susie Orman way. I'm telling you the new way. I'm going to share with you my insider
tips on how to get your first rental property with equity so you actually have a property that
you can make some money off of. Meaning, you're going to have an asset, not a liability. And I'm
going to share with you my secret simple plan to get your first rental property in the next 30 days
without saving money. So, let's talk about the difference between a real estate investor and a
civilian because this is going to be the key on how you get your first rental property and get a
really good one. As a real estate investor, we think very different from civilians.
We want to buy properties that we can actually make money off of. And I think because you're
watching this video, you probably already know that. You probably are thinking "How can I start
getting into real estate investing and making some real money without spending a lot of money?"
A great way to build wealth is with rental properties. In fact, I started
off in my parents' basement broke, bankrupt, with multiple foreclosures, and bad credit. And now,
I'm a real estate entrepreneur that makes millions and millions of dollars per year
all for my rental properties and everything real estate related.
So, I can tell you unequivocally you do not have to start saving money in order to become a real
estate investor. You just need to start thinking like a real estate investor. Let's get into that.
So, as a real estate entrepreneur and a real estate investor, you need to start thinking
differently. Like I said, when I was bankrupt and poor and broke in my parents' basement and I got
back into real estate investing, I found me a real estate coach that changed my life. He taught me
about wholesaling. But more importantly, he taught me how to find people with property problems.
He taught me how to find people that were behind on their mortgage payments, in bankruptcy, divorce
got relocated or had a house that was falling apart and they didn't have the money to fix it.
It was so easy for me to start finding these people and making money off of those properties.
He taught me how to find those properties help them with their situation by getting them under
contract for one price and then flipping that contract to somebody else for a higher price and
keeping the money in between. That's wholesaling. But the big lesson was finding people that were
having a property problem. This way, I could get properties for pennies on the dollars. Because
the people were in financial distress, meaning they were going through bankruptcy divorce,
foreclosure; like I said, they were in a situation where they needed to sell that house fast.
And I became the answer to their problem. All you have to do is start focusing on property problems
instead of finding real estate. Instead of finding properties that you want to buy and thinking about
rental properties in the traditional way, start using the problem solver concept to find people
that are having an issue with their property and then you can come in and get rental properties
that way. Let me break that down for you. So, let me tell you the new way to get your first
rental property without saving money. Like I said, once you start to find people that are
behind on their mortgage payments, going through bankruptcy, going through foreclosure, divorce,
inherited a house that they don't want, etc, etc. You can talk to those people and see what's
going on and start to get those properties under your control. Using a concept called Subject To.
Meaning, you can take over the mortgage payment that they currently have but buy the property
in your name. That way you don't have to deal with any banks, you don't have to deal with any
lenders, you don't need to fix your credit and you surely don't need to save for a down payment.
In many cases, I've been able to amass rental properties with only a few thousand dollars.
Let me give you an example. Say, you find somebody that's behind on their mortgage payments. The
mortgage payment is $1,500. They're 3 months behind on their mortgage payment. That's $4,500.
Well, the bank is coming to get that house and they're going to be going into foreclosure. So,
guess what? They're going to need help either getting that property out of foreclosure
or that home is going back to the bank. Mind you, neither of those 2 people win when that happened.
But if you can get to those people before they actually go into foreclosure, you can just buy
the property for the past due amount and then take over those mortgage payments. We call it
the taking over payment systems or tops. That's a great way to start getting properties subject
to. I've literally made an entire video where I explain the entire process and give you some of
the documents and contracts that you will need to execute on this. I'll put a link below for you.
This will allow you to start getting properties (like I said) for pennies on the dollars.
And the benefit of this is you will get a property for just a few thousand dollars, and the person
that was about to go into foreclosure, they will be able to fix their credit and get themselves
in a better situation without going through that terrible process of foreclosure. Let me tell you
about foreclosure because that is something you're going to have to be able to explain to them.
When you go through foreclosure, the sheriff literally comes to your home and throws all
of your things out. It's very embarrassing. Trust me, I've been through it. Additionally,
the person that owns the home, (we'll just use me for example since I've been through foreclosure)
you lose all of your down payment and all of the payments that you've made. Additionally,
you're going to end up with something on your credit report called a foreclosure. And that
stays on your credit report for 10 years. And there's no real way to get it off. Additionally,
it stops you from getting credit cards other credit and it really ruins your credit for a
very, very long time. Imagine if a real estate investor could come in, catch those payments up,
let that person move out of the home, they go move somewhere more affordable, they go
move in with their parents like I did. But not go through the foreclosure. Now, it only takes them
a couple months to get themselves back in order. Literally, they walk away with a better situation
and now you have a property where you can just get a tenant in and start making money. Additionally
that mortgage is not in your name. You can write a separate contract with that home seller where you
will agree to refinance that mortgage out of their name in a set period of time. It's the simple and
new way to get rental properties. I have students doing it all the time and it's actually very easy
if you target the right people. Okay, I actually have a bonus for you. So, here's another way where
you can actually do this with no money. Like I said, you don't have to use any of your money. So,
using the scenario that I just gave you previously where you're targeting people that are behind on
their mortgage payments, this is the easiest way to start getting your first rental property.
Again, that person's about to lose their home to foreclosure anyway. They might as well give it
to you so you can make a rental property out of it. Additionally you can start building business
credit and you can use your business funds to catch that mortgage payment up and take over
those mortgage payments. Additionally, you could show the property owner the money that you have
in your business's name and why you're well capitalized enough to take over that mortgage
payment. It builds credibility and it makes the transaction go so much smoother and you don't have
to use any of your money to catch that payment up and get that mortgage going. So now, you know the
new and improved way to actually get your first rental property without having to save a dime.
Literally when you buy a rental property, people are going to tell you, "You need to put down
20%." In some cases, that's at least 40,000 at the very minimum. But if you use Noelle's system,
you can start getting properties for just a few thousand dollars and you can use your business
credit to pay that few thousand dollars. Go to noellesfreetraining.com where I give you a full
training. It's almost an hour-long where I tell you the exact way to do all of what I told you.
It'll break it down, it's about an hour-long but it will give you everything that you need.
noellesfreetraining.com. I want to make sure you have all of the resources, all of the tools
and all of the knowledge that you need to be successful. This is Noelle. To your success.