Samuel Leeds, here. Hope you're well, guys. And in this video, I'm going to share with
you four ways that you can buy property without using any of your own money. So if you want
to buy houses with no money, then stay tuned.
Okay. So the ways that I'm about to describe to you how you can guy properties without
using any of your own money ... First thing, I want to say that I have done all four ways
so this is not stuff that I'm talking about. This is not theory. This is actual, practical,
I've been there, I've done it. Not only have I done it, but I've helped dozens and dozens
of other people do it, as well, by telling them what I did.
So this is real-life stuff. Sometimes people say to me, "You can't buy houses without no
money." I respond, "You're absolutely correct. You can't." They can't because they don't
believe they can. So I think the first step is just being open-minded. People have been
buying businesses without no money for years, usually in all kinds of different agreements.
So I'm going to share these with you, and you can either, you can be one of the types
of people that say, "I don't believe that's possible. That's too good to be true." And
that kind of stuff, in which case, that's fine. Maybe, don't even continue watching
any more of the video if you don't want, if you think that's fine. Or you can someone
that's just a little bit open-minded, in which case, this could happen for you.
So here's the first way. Number one is lease option agreements. Now, a lease option agreement
is basically where you buy a property today, but you pay for it later. So you could almost
say it's a little bit like the owner has given you a free loan for, say, five years. When
it comes to the end of the option agreement, you don't have to buy it, you have to option,
not the obligation. And in all that time ... And this is what just blows my mind in how good
lease options are. Because I've got many lease option agreements.
So say, you buy it today, but you pay for it in five years, you don't put anything down
today. Okay. You might have to pay for the solicitor fees. But you've actually put any
money in for the property at all, and you're getting immediate cash flow. And as the house
goes up in value, you're gaining from capital appreciation. So it's just a fantastic way
of getting your foot in the door, owning properties, and doing this starting out with no money.
If you want to learn more about lease option agreements, I have done other videos about
this. But it's one of my favourites.
Number two is joint ventures. Now, a joint venture is where two people come together.
They usually, will bring 50% of the value, and they will put 50% of value together to
do a venture, a deal. If your venture is property, and you're buying a property, and you're doing
this as a joint venture with somebody else, you've both got to bring 50/50 value. But
you haven't necessarily got to bring 50/50 money. Your value could be something that
is not actually cash. Your value could be you're bringing the deal to the table. You
could be bringing your knowledge, the power team, the overseeing of the project. There's
loads of things that you can bring to the deal besides cash.
If you find a joint venture partner who has cash but that's it, they have nothing else,
they can't go on to be successful without you. You tell them, "Look. You put the money
in. We'll put the time, and the energy, and the knowledge, and the team, and all that
in, and then we'll go 50/50 on the profits." Effectively, you have bought a property without
using any of your own money. Joint ventures.
Absolutely fabulous way to do it. And you need to be really careful if you do a joint
venture partnership. You have clear expectations and clarity so you know what's what. In case
it's a case of you said this, no I didn't. So you need to have proper contracts drawn
up and a clean understanding of what you're both bringing to the table. But joint ventures
is an incredible way to get started with no money. And for that, you can't be successful
in property with no money, no time, no creativity, no implementation, of course, you need something.
You could bring something to the table but it doesn't have to be money.
Number three. Different to joint ventures, this is using other peoples' money. If you
know how to buy a property and make a 20% return on investment, you also know someone
who's got 100,000 pounds sat in the bank doing nothing, you could borrow their money to buy
property, give them a fixed return. So you could give them 5%, 10% return on investment
on their money, which is way better than the bank. And any extra, you're going to keep
yourself. And you've also, obviously, got a free property. So it doesn't have to be
your money, you can use somebody else's. This is very different to a joint venture. Because
a joint venture has a stake in the property. Other peoples' money.
Number three. That could also be the bank's money. You could get a bank loan to put down
to buy a property. It doesn't matter where the money's come from, it's just someone else's
besides yours. So it's a case of tapping into money. I have personally, myself, I'm not
recommending this, but I have bought properties on credit cards. I've literally gone to the
bank with credit cards maxed out and used the cash to put down deposit on properties,
and then switched the debt on the credit card over to 0% credit card. So I'm not even paying
interest on the debt. That's other peoples' money.
Got to be careful doing this because you need to know what you're doing. You don't want
to borrow money from friends and family and then screw it up. But if you know what you're
doing and you understand how to buy properties, I think using other peoples' money is a much
smarter way of using your own because you're going to get an infinite return on investment
that way.
And number four of how to buy properties and own properties without using any of your own
money is by buying a property, adding value to it, and then refinancing the property.
You don't even need much money to start with because you can get a bridging loan. Some
of my students are doing this right now, as we speak, very successfully. Whereby, they're
buying properties, they're borrowing all the money on a bridging loan to buy the property.
They're then adding value to the property. Again, borrowing money to do that.
So the whole thing, they're borrowing bank's money to do it. But then, when the project
is completed, and they've added value, they're then refinancing the property with a new lender,
and the money that they get, they paying off all the loans, and then they've now got a
property that they've put none of their own money down for. I mean, you might end up leaving
a little bit of money in. If you do it right, you can leave no money in. I've done this
successfully several times, where I've left no money in with buying and refinancing on
bridging loans.
That's just four ways that you can buy properties without using any of your own money. I hope
that's been inspiring. I hope that's been helpful. If this has opened your mind up,
or this has really got you thinking, then why don't you do your friends and family the
favour and share the video around and open their minds up to it. Because I'm on a mission
to really open up peoples' minds and to get people out of the old way of thinking, which
is save up, put money in a bank, work really hard, put a deposit on a house ... That old
way of thinking, which is leading to people buying their first house when they're in their
30s and 40s, which it really doesn't need to be like that. So I'm on a mission. Share
the mission. Share the video. Thank you so much. I love you very much. Peach out.
Thank you so much for watching. If you've benefited from that video, please, do share
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watch this video to see what happens. But whatever you do, don't forget to subscribe
right here, and I'll see you next time.