How to buy rental property with no money down?
Are you ready to start making money with rental properties but you don't have
20,000 or 50,000 dollars to drop on a rental property
just to get one property? You really wanna do this with no money?
Well, I am here to tell you yes you can do it. I'm going to tell you
exactly how to do it step by step so you don't miss a thing and you can start
today. Let's go.
I'm going to share with you a step-by-step detail process on how to
buy rental property with no money down and no fluff. Noelle is going to tell you
the whole truth and nothing but the truth.
I'm going to give you a new and improved way to buy rental property that almost
no one is talking about now. This did not exist 5 or 10 years ago. So, this is
new. Make sure you're listening. And I'm going to give you my huge, huge
insider tip on how to buy rental property so you
don't end up buying somebody's crappy rental property that
won't make you any money. There are so many benefits to real
estate investing and starting. And thinking about having rental property,
you are already on the right track. Real estate investing has changed my life.
I literally started off real estate investing the correct way
broke, bankrupt, foreclosures living in my parents basement. And I've turned that
around to real estate millionaire. And you can
do the exact same thing. So, the great thing about real estate.
investing is that it is still the number one
way to wealth. 89 of all millionaires were created so
through real estate. That was true 100 years ago and it's still
true today. The great thing about real estate investing and why it is so
awesome is you have three different ways to
start making money. One of course with rental property,
that you're interested in. You have properties that you can make
money off of each month. You have cash flow. So, you have tenants in your
properties, they're paying down the mortgage.
You're getting money coming in each month. That's one way.
2, like I said, the fact that the tenant is paying down the mortgage, so even if
you borrowed money, they are paying down the mortgage while
the value of the property is going up. So, you have someone else paying down
the mortgage and then you have the appreciation of the property going
up creating wealth for you. That's another way. And
then last but not least, you can literally start to improve
properties, borrow money to do it and increase the property's value
through a concept that we call forced appreciation. That's basically
what you see when you see the fix and flips.
They went in, they renovated the property, they did a rehab, they improved it, they
increased the value then they sold it for a profit.
That is forced appreciation. And these are all things that you can do with real
estate investing that do not exist in other investment types. You usually can't
just go ahead and fix up a stock and get it to increase in value.
But you can do that with real estate. And that's why it's so awesome and why it
creates so many millionaires. So, now let's talk
about buying rental property because now you know all of the benefits all of the
things that you're going to do to make money with real estate investing. And now
you are on the right track. When it comes to buying a typical real
estate rental property, usually you have to put down 20%.
Because banks see that investment properties, properties that
you are not going to live in they see them as higher risk, okay? So, you
have three different type of occupancies when you go to buy a
property. You can either occupy the property
as your own, as a primary residence. That's a property that you're going to
live in. You could do it as a second home. Meaning
you're not going to have it as an investment property. It is just your
second home. And they usually let you put down a
little bit less so instead of maybe 20%, maybe you have to put down 15%.
And then the risky of at all is an investment property and that is
where traditional lenders will require you to put down 20%.
And they feel this is a little bit more of a risk because you're not going to be
living there and you're relying on the tenant to pay the mortgage for you. And
so, they really want the landlord or the person that's purchasing that home
to put down 20% so that they feel that they are in a good position.
And this is the typical way. And this is the way that most people do it.
But this is not what you have to do. I'm just telling you this because this is
what you're not going to do. We're not going to have to put down 20%.
I'm going to tell you how to do this without putting down 20%.
So, the new way, the new improved way to invest in real estate without having to
put down all that money is a concept called
subject to or by doing lease purchases. You could do
1 of the 2. You can purchase the property
subject to where the person that owns the property leaves that mortgage in
place and you take over those mortgage payments.
Or you can literally lease purchase the property from them where you give them a
small down payment. Sometimes it's the amount that's past
due on the mortgage. Just using that as an example.
And then again you start taking over the mortgage payments through a lease and
you will eventually buy the property if you find
it profitable. So, this is the new way to do it. But the
key to finding these properties that you can do subject to or to do lease
purchases on is going to start with you thinking like
a real estate investor. Remember what I said earlier. When i was
bankrupting in my parents basement, I literally had bad credit and I had no
money so I had to use those two things and still invest in
real estate. So, what i was able to do what my coach
taught me was find people that are having a financial
issue with their property. People that are behind on their mortgage payment,
people that are in foreclosure, bankruptcy, divorce,
they got relocated and they can't afford that property because their job ended or
they lost their job and they can no longer pay the payment.
You know, maybe they haven't missed the payment yet but they lost their job and
they're not going to be able to pay. So, those type of situations will allow
those sellers, okay? Those people with those homes.
They're going to be more open to doing a property subject to
or to doing a lease purchase with you. And the reason why they're going to be
more open to do that is because they're already losing the property,
okay? They're already about to go into foreclosure. They're about to either have
bad credit or they're about to have bad credit.
And they need help. My coach taught me how to approach those people, how to tell
them my story, how to connect with them and offer them a solution. And now I can
tell you, I get more leads for properties than I can
even handle. So, I'm telling you this because I know there is an abundance of
properties and people out there and I know that you can be a resource to
those people and help them and make money for yourself in the
process and this is how you can start to get rental properties
with no money down. Because you don't have to put down 20% and you
don't have to go to any banks any lenders or anything like that.
All you need is the money to take over the payments. There you go.
Now, let me tell you how you get that money. So, there's 2
different ways that you can get rental properties and never have to use
your own money, okay? You don't need any money. So, the first way that I'm going to
tell you... And this is the absolute game changer. It is by using business
credit. So, one of the things that you want to do is establish
a business and get business credit. I'm literally going to put a link here so
that you can click on that teaches you all about how to get business credit
quickly. I've made tons of videos on it. I encourage you to watch them,
follow them and start getting your business credit. You can easily start to
get business credit cards, business lines of credit, business loans,
all of these different things in just a few weeks, okay? So, this is not
a long process. This doesn't take a long time. And I'll
even tell you, if you're a woman, if you're a minority, if you're a veteran,
there's tons of business funding out there available for you
right now, okay? You can use those funds and you can get rental properties
and never use any of your own money. That's one way. The second way:
Do what I did. Like I said, when I first started, I was wholesaling. I actually
didn't keep those first properties as rental properties. I flipped them to
an investor and I was making fees of $5,000.
You can still do that, okay? That's called wholesaling. It still exists. I'll put a
link. I have a whole video on wholesaling that teaches you how to do this.
And like I said, I started by doing this. So, this is not something that's
far-fetched. And it's something I still do to this
day. Like I said, because we have our marketing going, we're getting all of
these leads, I still wholesale properties to this day.
Some of my wholesale, some of my keep I fix and flip. Some of them I keep and I
put tenants in them --short term, long term. I do different things with my real
estate. In the beginning, you may not be able to do all of those things. Maybe you
can only just wholesale. That's fine. Start where you are and then
you will eventually be like Noelle and get rental properties. Okay. Hopefully
you enjoyed this video. I have literally created an entire
free training just for you. Please go to noellesfreetraining.com.
Again, that's noellesfreetraining.com. I've created an entire course. It was a
little bit too long to put up here. It's about an hour long.
It teaches you my exact formula step by step on how to invest in real estate.
Make big profits without losing money. Again completely free just for you.
I want to make sure you have all the tools, all the resources and all of the
knowledge that you need to be successful. This is Noelle. To your success.