How to Invest in Real Estate with No Money

How to Invest in Real Estate with no Cash

This week on the Fund, Fix and Flip Real Estate Investment series, Trainer Trevor Evans teaches How to Invest in Real Estate with No Money.
In this segment Trevor teaches our listeners on the following:
1. What are some strategies to purchase real estate with little or no cash?

2. What does Hard money lenders look for in a good deal?

3. How do you make your deal attractive to a Hard money lender?

Strategies to use other people’s money to fund your real estate investments:

1. Using your credit cards to fund your deals. The more credit you have the better off you are!

2. Hard money Lenders. Hard money lenders look at the asset and not at your credit score.

3. Borrow money from friends and family. You convert them into Hard Money lenders and pay them a good interest rate.

4. Borrow from your Whole Life Insurance policy.

2. Take a loan from your 401K.

3. Take out an Equity line of credit on your personal house.

The commonly used strategy in real estate investing is the use of a Hard Money Lender.
So, if the Hard money lender does not look at your credit, what does he look for?

1. Your expertise. Most Hard money lenders want you to have 3 investments under your name. This does not include your personal residence.

2. The ARV or after repair value. The property must have equity before the deal is made.

3. How did the property come on the market. Eg is it a Foreclosure, short sale or probate.

4. What is your exit strategy? Are you buying to hold or buying to rehab and Flip.

5. How long you need to complete rehab work.

6. How much is the estimated cost of repairs.

Hard money Lending

Tip of the week:

Confessions of a Hard Money Lender -And Why We Hate Hearing “I Need 100% Financing”

Make no mistake, hard money lenders need borrowers to deploy their capital and get a return on investment for their capital partners. They often enjoy repeat business – real estate investors aren’t typically one-time borrowers, so asset-based lenders like hard money lenders or private money lenders value the business relationships they develop with quality borrowers.
One way to invest in real estate with no money down or little or no cash is to borrow from Hard money lenders who charge high interest for short term loans. When hard money lenders provide a loan, they want to be confident that the borrower is able to repay the loan on time. If the borrower isn’t able to pay back the loan, this creates a great deal of extra work, stress and potential financial loss for the lender. A strong borrower with a significant down payment (or equity in the property) and cash reserves has the best chance of obtaining a hard money loan and succeeding with their real estate project.

Sponsor AD : Myhelps Real Estate Investment Services
Are you looking to invest in the south Florida or Fort Myers market? The time is ripe for investors. Call Myhelps Real Estate investment Services LLC at 954-999-6125 for all your Sales, Rentals or Property Management services. We are licensed in real estate and property management and will buy or lease your house. Don’t delay, Call today 954-999-6125 or contact us @ http://myhelps.us/contact-us/

Looking for a Hard Money Lender? Here is an article from Connected Investors on how to get bids on your project.

real-estate-investing-funding-portal-

Connected Investors, the world’s largest real estate investors network and marketplace, today announced the launch of the first centralized real estate investment funding portal, CiX.com. The technology allows real estate investors to quickly and easily submit their deals to a network of asset-based lenders, ensuring the best terms for loans on their investment properties.

Subscribe to the Transform you Mind podcast with Coach Myrna to get notification of all shows, Life coaching tips as well as Real Estate Investment tips and strategies.

Real Estate Investment: Fund, Fix, Flip series – Are Rental Properties worth the Headache?

Real Estate Investment: Rental properties

Episode 2: Real Estate Investment, Rental properties: Fund, Fix, Flip series – Are Rental Properties worth the Headache?

Joke of the day:
A young woman, pursuing a graduate degree in art history, was going to Italy to study the country’s greatest works of art.
Since there was no one to look after her grandmother while she was away, she took the old lady with her.
At the Sistine Chapel in the Vatican, she pointed to the painting on the ceiling. ‘Grandma, it took Michelangelo a full four years to get that ceiling painted.’
‘Oh my, ‘the grandmother says.
‘He and I must have the same landlord.’

A few weeks ago I interviewed my co host Trevor Evans on the topic “The path to Financial Freedom” We received such an overwhelming response to that topic that I decided to have a spin off on Real Estate Investing. This is episode #2 in the series: Real estate investing “Funding, Fixing and Flipping. Is Owning a Rental worth the headache?

As a realtor for over 17 years, investing in rental properties has been my space up to this point. I own several rental properties and I also manage several rental properties.

My co-host for this podcast is Trevor Evans: Speaker/Trainer for Legacy Education Alliance and Rich Dad Education. Trevor is also an Entrepreneur, Real Estate Investor. Banker and Founder of Personal Awakening Brand “Being Normal Sucks.”

I met Trevor earlier in the year when I attended a Get Motivated Seminar and signed up for a 3 day real estate investing seminar. I met my co host Trevor Evans at this program and let’s say his vast knowledge on the subject of investing in real estate opened my mind to new opportunities.

I didn’t know what I didn’t know!

Real estate blog

His knowledge base was extensive. I immediately enrolled in the Legacy Education Alliance investing in real estate training program.

This week’s tip:
What is your best choice as an investment? From the book “Your money and how to keep it by Brian Costello”

Real Estate will be a natural choice for many as an investment vehicle. Generally, real estate can be counted on to rise in value over a period of time. If you want short term investments, you can use short term investment vehicles like treasury bills. Other options are gold, commodities and the options market. Small investors are now also switching to Mutual funds because they offer a great deal of flexibility, and they can be cashed in at any time.
So, the best investment choice depends on your country laws as it relates to Capital Gains tax vs interest tax. In the USA and Canada, interest is taxable while you can make a lot of money tax free with capital gains.

Todays episode of Fund, Fix and Flip is sponsored by Myhelps Real Estate Investment Services.
Are you looking to invest in the south Florida market? The time is ripe for investors. Call Myhelps Real Estate Investment Services at 954-999-6125 for all your Wholesale or Rehab purchases, Buy and Hold Rental properties or Property Management services. We are licensed in real estate and property management services and can also buy or lease your home. Don’t delay, Call today 954-999-6125

In episode 2 of our series “Real Estate Investments: Fund, Fix, Flip” episode 2 we are answering the question “Is Owning a Rental worth the headache?”

Rental Property Headache

Show notes:
What are you doing that is causing the headache?
1. Not properly screening the tenant.
Most investors are stressed to put a tenant into a property because it costs to have a vacant property.
That is the underlying reason that they short the screening process or decide to take a risk with a tenant.

2. Not understanding the renters mindset
A renter does not have an owners mindset to take care of a property.
The environment the rental is living in determines the mindset of the tenant.

3. Know your tenant
That allows you to skip inappropriate steps.

4. Understanding the positive cash flow cycle

5. Buy only properties that need remodeling instead of renovations

6. Setting up warranty or replacement work directly with local scratch and dent shops

7. Paying a flat fee to a Property Management company

Some resources for Real Estate Investors:
BiggerPockets: The Real Estate Investing Social Network. There are many free articles and forum threads all for free on how to get started in real estate investing.

https://www.mashvisor.com Use analytics to find lucrative traditional or Airbnb properties in a matter of minutes.

https://myhelpsrealestateinvestments.com/ – list of off market properties at discounted prices in Fort Myers, Fl and West Palm beach, Florida