Ladies and gentlemen, act like you know.
It's going- Whoa, did you know that you could get a house like this for free? Or this one?
Or this one? Or this one? Or these? Yes, you can get lots of different houses absolutely
free. And in this video, I'm gonna share with you exactly how you get that done. Let's go.
So step one, when you are trying to buy a home for
no money down, the easiest, fastest way to do that is to find someone that is in financial distress.
Meaning someone that's in foreclosure, bankruptcy, divorce, a death, something catastrophic, maybe
they even lost their job. And the easiest way to find that is by buying a list of public records.
Yes, all of the things that I named are just public records, divorce as a public record,
foreclosure as a public record, all of those things are public records. And so what I do
is I buy a list and I mail letters. I'll show you tons of different ways to do it. But the pro way
is just buy a direct mailing list and send those distressed sellers a letter. So the first thing
that I would do is I buy a direct mailing list, the easiest way is to buy a foreclosure list or
people that are in default, not that they actually have been foreclosed upon, because again, that
means the bank took the house back. But people that are in the foreclosure process prior to the
home actually going back to the bank. So when people are behind on their mortgage payments,
in most states, they are issued what's called a Notice of Default. And that is public record.
So I buy a list of people that have a notice of default and I mail them a letter that says,
Are you behind on your mortgage payments, call me, I can help. And that's how I get tons of deals,
it helps me and it really helps them because they actually get to avoid foreclosure.
I literally help fix their credit, and I help them get back on track. It's such a win win situation.
The secret sauce to getting all of this done is a concept and real estate we call subject
to. Subject to has been life changing for me. And it was one of the things that have catapulted my
net worth. When I found out that I could buy properties for pennies on the dollars, I was
able to get more houses than I can even keep. It has been the funnest thing in the world. And
this is how you can get it done. So let me tell you. Subject to is a concept where you are buying
a property from someone and you are leaving the mortgage in place. Essentially, you buy the home
subject to the existing financing staying in place, meaning I am buying this home subject to
again, with the condition of you leaving the current mortgage in place. Now, you usually
have to take over those payments, and you and the seller can write up a different agreement with the
deed and the title and all of that is in your name. I've closed on property subject to and it
has been life changing for me. In fact, I was able to even get properties for just a few $1,000 and
I'm going to explain to you how you do that. Just wanted to make sure you understood the concept.
So like I said, buying a home subject to is very simple. It's just like buying a home,
but you leave the current mortgage in place. So let me tell you about the traditional home buying
process. When you usually buy a home, you usually have to get financing, meaning you have to get
your own mortgage, you'll have to get qualified from a mortgage lender, you have to show them your
income, your assets, your employment, your credit, and they have to qualify that you can pay for that
mortgage and many of you guys already know, getting qualify for a mortgage can be daunting.
And in some cases, most people get declined, it really does depend on your situation. But if you
have a situation where you don't have a job and you don't have very much money, most likely you're
not going to be able to buy a home the traditional way unless you can buy it cash, which is not
really a smart idea, just being honest with you. But anyway, the traditional home buying process is
very daunting. So if you have a situation where you don't have stellar credit or you don't have
income, that stable and continuing, you're probably not going to get approved. However,
if you do subject to, you don't have to worry about that. So let me give you all of the details now
that you understand what subject to is and why you don't want to go through the traditional
home buying process.
So one of the best things about buying houses with no money down is finding them. That's kind of the
fun part. You know, honestly, you're going to be finding people with property problems,
as I already explained, but you still need to see the house, you still need to see the neighborhood.
Yes, this is definitely something you can do in neighborhoods that you don't live in, neighborhoods
that you've never been inside of. So, it's so fun to get inside the car, especially a Lamborghini
and drive around and see some real estate. So fun. So
let's talk about what types of property. So one of the things that you want to make sure that
you're really clear on is how much money you're trying to spend on these type of properties,
what range, where you want your property, because you can get really specific when you're looking
for real estate. And even if you're looking for real estate deals, you don't have to just
take whatever you can get, you don't have to buy properties that are in the projects,
or in low income areas or in high crime areas, you really can get nice houses with no money down and
drive around in some of the best neighborhoods. It's not just people that are in high crime areas
that are having financial stress. In fact, most of the houses that I get now are really nice houses
in really nice neighborhoods, because you can get great real estate with no money down.
It just takes a little bit of knowing what you're doing, which is what I'm teaching you in this video.
Nice to meet you, too. So happy you came. Come on. Thank you. So this is the fun part. When you
are going to go meet the seller, it's so important that you have three things.
One, show up professionally be ready to do a deal. Second, have a smile on your face,
be happy and positive. And last but not least, close the deal. Guess what? This is how we get
houses for free. Let's go.
Awesome. It is so nice to meet you. So happy to be in this beautiful home of yours.
Awesome. So tell me how long have you lived here? Well, it's been about three years.
My husband I moved here when we got married. Okay, we have two boys.
So now life happens. Yeah, we're going through a divorce. Gotcha, gotcha.
So the most important thing that you want to do when you're talking to the seller is find
out what's going on in their situation, you really need to build rapport. Before I start asking about
the property itself, like how much is the mortgage payments, how much did you pay for the home?
What's the square footage, things like that, I need to build rapport. Because when you first
come into the home, your seller is going to have their guards up, they're going to be afraid of
what might happen. They're already in a situation where they're probably past due on their mortgage,
or they're into divorce or there's someone died, again, some type of financial distress and you
want to make sure that you are not another distress for them. You want to be a nice,
kind, soft place for them to land, someone that is friendly and able to help someone that has lots of
information and is very positive that you're going to be able to change and help their situation.
Again, a deal is not about you just getting properties. A deal should be a win win for
you and the seller. Now let's get back to this. Okay, so let me see the boys. You just said you
have two boys, of course. Here they are. There you go. That's- oh my gosh, he is so cute.
I love it. I love it, boys. Very fun. Very fun. Okay, so you've lived here for
three years. How do you like the neighborhood and things of that nature? Do you love the
house? Tell me about it. Tell me some stuff. So it's a happy neighborhood, it's a safe neighborhood.
A nice yard for my boys like, you know, they like to play outside person too. So yeah,
it's a really nice neighborhood. Okay, definitely. Gotcha, gotcha, gotcha. Okay, so let's talk some
numbers. So tell me how much you pay for the home and how much the mortgages and some things like
that our mortgage is about $2,200 a month, kind of downsize. And of course, if we keep it, I
want about 3500, like I said, is really nice. And we got a good deal. Yeah. So that would be about
what I would like, awesome. So another great point, do not get into any commitments. Do not
guarantee how much money you're going to pay them for the home, do not guarantee how much you're
going to rent the home for any of the mortgage payments, you're simply asking questions and
being positive that you can help. Do not commit to doing anything or paying any certain amount,
you're gonna have to do a little bit of due diligence. And this is a part of the negotiation,
you're just gathering information so that you can provide the best offer possible for both of you.
Well, I'm gonna do the absolute best that I can and of course give you the most money for
that that I possibly can for this house because I know you have such great memories here.
Thank you for that. I could go on and on about all of the ways that I've done
subject to's. But the bottom line is you need to market to people that are having an issue with
their mortgage, these are the people that are going to be very open to you taking over that
mortgage payment for them, especially if you can write a contract like Noelle does, where you specify
how long you will have that mortgage in their name and you have a situation where you know
you are fixing your credit, or you know, you will have the money later or you even refinance it now,
but you want to start making money on it. This is the perfect opportunity for subject to,
there's millions of mortgages currently in default right now in the United States.
This is the perfect opportunity to start marketing to those people and get a property subject to
where they're not going to require you to have money or a job. Well, they may need you to have
some money to catch those mortgage payments up. So let me tell you how you get the money. Because
I've already told you, you don't need a job, you're not assuming the mortgage, you're not going
to call the mortgage company, you're buying the home subject to. So the fact that you don't have
a job is not a big deal. But you're gonna need a little money if their payments are past due.
So let me tell you how to get the money. Well, this area right here lets you see
the pool. So I love this pool. As you see, it's really beautiful.
However, it's a lot of upheaval. My husband and I, we have done our best to keep
it up. But it's just gonna be too expensive to do that. So I get it. No pool for us. I get it. I get
it. I'll do our best though. Thank you. Yeah. All right. So would you like to go see the bedroom? I
would. Let's go. All right. Okay. So the most important thing when talking with the seller
is let them give you a tour of the property, walk around the house with him and just listen, don't
give any advice. Don't start quoting numbers. Don't do any of that. Just listen and build
rapport and check out the house because again, see if you want to buy it. Alright, let's go see
these bedrooms. Trying to find all different types of properties, and more importantly,
different types of property problems. Literally, when I first started in real estate, I would only
focus on foreclosures, it was my specialty since I had been through foreclosure myself.
But as I expand it, I was able to help people with lots of different property problems. For example,
probate, that was a major winner for me. I would buy probate lists, and I will find some
of the nicest houses. Yeah, they may need some upgrades because a lot of the owners were older,
you know, just being honest, most of your probate is going to be older people because it's mostly
older people that die. And it's usually their children or the trustee, or the trustee of the
probate is usually their child. So you're dealing with a child who it was their parents house, and
they don't really want the house anymore. So they would give it to me for pennies on the dollar,
especially if the house needed a lot of upgrades like new renovations, like new countertops,
new appliances, and things like that. It sounds and looks like the house needs a whole bunch of
work to the person that's getting the house that you know the probate person. But when I would walk
in, all I would see is gold. I knew that I just needed to do some minor renovations. And again,
no demo rentals where I could just put new countertops in, put some new appliances, paint,
and I would have that house turned around in just a few weeks and make hundreds of thousands of dollars.
It's an amazing niche. Probate is great, divorce, I know these are things that seem bad for people.
But so many times, the wife can't pay for the house anymore, she wins the house into divorce,
guess what? She's calling me to take over that mortgage payment for her or to buy the house
from her because she just doesn't even want it anymore. Too many bad memories. Again,
so many different ways for you to get properties for pennies on the dollar.
And I've done all of them. So I love sharing this information with you.
Here's a pro secret that you need to know. After
you've met with the seller, it's so important that you do your due diligence. Do not leave
them an offer, do not make them an offer, you need to make sure you actually want this property and
that it is in good condition. So you hire an inspector to come and look at the property. You
will complete a title search to make sure there are no liens on the property or other encumbrances
that would stop you from wanting this property or devaluing it, you're going to just quickly do your
due diligence so that you are in a great position to make the best offer for you and the seller.
So in a situation with subject to when you are not involving a bank, you can borrow the money.
Essentially, you can have a line of credit, you can have a credit card, you could have your
friend, your mom, your dad, whoever gives you the money in order to buy that home. So long as
you're able to take over those payments and move into that home or turn it into a rental property,
you will be okay. You don't want to put the person that is currently in a financial situation in a
worst financial situation, you need to be someone that can take over that mortgage or be connected
to someone that's going to take over that property and that can handle that mortgage. Again,
very easy to find. It depends on what you want to do. But if you need the money to catch the
mortgage payments out for example, this is a super easy way to start getting property subject to.
So before you ever meet with the seller, it's important to drive the neighborhood and go see
the house, you don't want to just drive directly to the house and go see the seller and start
talking to them. You want to make sure it's a nice neighborhood, is this really a house that
you want? Regardless to whether you can get the house or not, you decide on the houses that you
want this real estate that you want to buy? Because yeah, you're probably going to have to do
something to the property and it's an investment for you, you're gonna make money off this thing.
So don't just take any house that you can get, get a house that you like,
get a house that makes sense for you. So drive through the whole neighborhood, don't just go
directly to their house, and then meet with them and say, oh, man, I hope I can get this house.
No, drive around, see what other houses are in the neighborhood. How does it look? What
are the neighbors like? Is it crime? Are the people with cars all outside? Are they partying,
what's going on in the neighborhood? Is it going to be a good investment for you, that's
an important thing that you want to ask yourself. And the easiest way to do it again, get in the car
drive, take a look for yourself.
I have created a book called Real Estate Millionaire Secrets and it has literally helped
hundreds of thousands of people get started in real estate. And I'm giving this book to you absolutely
free. Just go to noellesfreebook.com and get this book absolutely free. You just cover
the shipping. This book is what I poured my heart into and it has all of the information that you
would need to start a successful business with little to no money just like I did. You can go
to noellesfreebook and get this book with all of the templates, all of the scripts and all the
instruction that you need to build your real estate empire. That's noellesfreebook.com. Noelle
N O E L L E with an s. noellesfreebook.com Get your copy today because I want to make sure
that 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.