Real estate investor, Trainer Trevor Evans, teaches, how to invest in real estate with No Money. Trevor teaches, how to get funding for your deals, fix and flip, your, investment properties, and, how to flip a house.
Watch the YouTube video to learn how to Invest in Real Estate from a, Rich Dad, real estate investor.
What you will learn about Real Estate Investing in this motivational video:
1. What are some strategies to purchase property for your, real estate investing, business with little or no cash?
There are several way to do this. You can max out your credit cards, you can set up a lease to own deal, you can get seller financing.
2. What does, Hard money lenders, look for in a good deal?
They look for the ROI or return on investment
3. How do you make your deal attractive to a, Hard money lender?
Show that the resale value is at least 40% higher that the investment.
Strategies using 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 to start your, house flipping, business.
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.
You need a, Hard money lender, for your, real estate investing, business. A money lender does not look at your credit, what does he look for?
1. Your expertise. Most, Hard money lenders, want you to have three 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? Is your, exit strategy, to, buy and hold, or, fix and flip?
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 investing, 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.
Real estate investing, 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.
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Looking for a, Hard Money Lender? Here is an article from Connected Investors on how to get bids on your project.
Connected Investors, the world’s largest, real estate investing, 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.
The, Law of Attraction explained, dictates that you can create, wealth, with your thoughts. Thoughts do become things, if you believe. The thoughts you believe inwardly and project outwardly will be the things that you attract into your life. If you want to attract something such as, money, therefore, it’s important to visualize it as if you already have it.
Listen to the full interview here:
The Law of Attraction Explained
Law of attraction explained: The, Law of attraction explained, in its simplest terms its where your thoughts as a force pushes you physically to turn things into a reality. So if our thoughts are our guide. Why are some people more successful than others. In the, law of attraction money, we look at why some people attract, wealth, and others don’t.
Both sets of people are thinking the same thing. I want to get rich. Why some get that, wealth, and others don’t? What are the difference between two. What one do and other don’t?.
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Myrna – The Law of attraction, works with your, vortex. Your, vortex, is all your un-manifested goals and desires. The reason it does not work for all is that both sets of people are wanting to get rich for example; but one set is visualizing and believing that they will get rich. They think with emotion and that activates. the law of attraction, so what they hold in their minds they will hold in their hands. ‘
The other set of people think of riches; but they don’t believe. They feel the emotion of their circumstances. They are broke and in need, they can’t feel what it is like to be rich so they still activate the, law of attraction, but it brings them more of the same. They remain poor and in lack because of a poverty mindset.
Like attracts like is a mantra used frequently:
Using the Law of Attraction to attract people
However, it is known that People attract people who are similar in thoughts; What do I mean when I say that? Have you ever looked at two people that looked totally different on the exterior; but they attract each other and you ask what attracted her to him or visa versa. In many cases its not the full physicality; but more their thoughts after communicating with each other and that undeniable pull that brought them together
As an advocate for, Law of attraction. Do you think that people who go into unions because of society, family ties or even culture may sometimes experience fractures in that union which leads to challenges or even total separation? Do you believe that was imminent to fail because that person wanted to satisfy others expectations of them, rather than fulfill their expectation of themselves?
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The first one is that the, law of attraction, allows people to attract what they are releasing into the atmosphere. For example, you have heard or even experienced women who keep getting into abusive relationships. Why is that? It is because the, law of attraction, is attracting these relationships. Their thoughts are saying I don’t want to be in a relationship with this find of man; but unfortunately what you think about you bring about. Thinking you don’t want this or that attracts it to you.
The trick is instead of concentrating on what you do not want, these women should instead put a picture in their minds of their perfect mate and only think about that kind of man and that is what they will attract.
As to your second question, do I think people go into unions because of society. Yes of course. Society says that a good mate has certain qualities and both sides, men and women choose mates based on these qualities. That has nothing to do with the, law of attraction, I don’t think.
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Nature abhors a vacuum: In life sometimes we have to make some tough decisions. The law of attraction, encourages removing negative things or people from your life and to fill it with positive things if you want to grow.
How do you go about a conversation to tell someone that you would like to separate from them because of their negative energy?
Myrna – Great question Nicole.
Yes, if you have decided that certain people in your inner circle are too negative and you have made a decision to only be around positive people, so that the, Law of Attraction, can bring you what you desire; then you have to ask them to leave. That is difficult and there is no way to do it without hurting their feelings; but you have to do it. Negative people are like a cancer, so if you have to remove them do so.
This is necessary because in order for the, law of attraction, to manifest what is in your, vortex, you have to saturate yourself with positive energy and good feeling thoughts.
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Using the Law of Attraction money to bring you self- fulfillment
When people believe that they do not deserve good things or even would reach to that level of self-content, self-satisfaction, self-fulfillment. You see some behave in ways to sabotage their chances in life. Do you think that this is because of self-acceptance and wanting to put in the work by changing their thought process?
What would be your best advice to someone who wants to raise their vibration in order to attract, wealth, using the, law of attraction money?
I do a lot of practice of act of kindness, self-forgiving talks and every message or word I intentionally use them to uplift another person. To me that helps to keep my vibration high.
Myrna – The, law of attraction, only works in the right direction if you are in the positive frequency else you are attracting all the things you do not want.
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vortex, and increase your positive vibration by thinking good thoughts and doing good feeling actions like walking in nature, meditation, singing your favorite songs, hugging your loved ones etc.
You can raise your frequency by doing a, gratitude meditation. I do a, gratitude meditation, before I get out of bed in the morning. Louise Hay has a good one on YouTube. I will tell you, gratitude meditation, puts you in the highest frequency. You feel good, you cannot be mad at your spouse if you are grateful you have a spouse!
Abraham from Ester Hicks teaching teaches you to get into the, vortex, and activate the, law of attraction, by reaching for your best feeling thoughts. Think good feeling thoughts. Stuff your, vortex, and increase your positive vibration by thinking good thoughts and doing good feeling actions like walking in nature, meditation, singing your favorite songs, hugging your loved ones etc.
In her book, she explained that she was deeply depressed, and she started to use her thoughts to enable the , law of attraction, which she knew is what shaped her life and was happy to share this with the world.
Do you believe Rhonda Byrne’s rhetoric of how she was able to get millions of people to read her book or people had that passion in them already and needed someone to explain what to do?
Myrna – I love Rhonda Byrne. I have not read the Greatest Secret; but I have listened to the Secret several times. Most recent a few weeks back.
I took a lot from the book especially when she talked about imaging that the bills she was receiving were checks. You can use your thoughts and the, law of attraction, to bring you anything you want. Whether it be, money, your perfect partner, happiness instead of depression. I do believe it can be done. I have seen it work in my life. I have a hard time seeing images in my mind; but if I think about something, I do attract it into my life. We attracted each other.
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How the Law of Attraction Money have worked for me
What did you accomplished through using, Law if attraction money. If you want to share?
Myrna – I have a connection to the Universe. I am a meditator and I visualize or think about what I want, and I usually get it. It is uncanny. I would think about something I want and I would receive an email in my inbox about the very thing the next day, so I just wait.
As recent as this past December, I am a realtor, and I asked the Universe to attract to me a buyer or seller to close and get me income before the end of the year. I asked and I received.
Someone sent me this off-market real estate property in a text. I received inspiration to send it to one of my, real estate investors, and he bought it. I received $5000 in commissions for that transaction. The sale closed on December 12 and by December 20 the, money, was in my bank account, 11 days before the end of the year. The, law of attraction money, can be used to attract money from various sources to you.
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Planning my future using the Law of Attraction
What are your future plans for your podcast and website this year?
My radio show The Transform your Mind with Coach Myrna is heard on the radio wdjy 99.1 fm in Atlanta or you can listen online at wdjyfm.com. The Transform Your Mind Podcast can be heard on all podcast players including iTunes and Spotify. My website is blog.myhelps.us and of course the Transform your mind YouTube channel. My plans for this year is to get my message out to as many people as possible and I would like to get it on the radio in Guyana, my birth country as well as in all the Caribbean islands. My message of transform your mind to transform your life need to be heard in the 3rd world countries where my sisters and brothers are living in lack.