Buying Properties Without Your Own Money

2020-07-30

The market has shifted, strategies that worked seven or eight years ago are not doing well now. So, it’s time for real estate investors to learn new, successful strategies to land deals. Today, Clint Coons of Anderson Business Advisors talks to Chris Prefontaine of Smart Real Estate Coach. Chris is an avid real estate investor and expert in buying and selling on terms. He shares a new way of investing in real estate. Actually, it’s not new. It's been around awhile, but people are unaware of it. Make purchases without using your own money! Highlights/Topics:

The market has shifted, strategies that worked seven or eight years ago are not doing well now. So, it’s time for real estate investors to learn new, successful strategies to land deals.

Today, Clint Coons of Anderson Business Advisors talks to Chris Prefontaine of Smart Real Estate Coach. Chris is an avid real estate investor and expert in buying and selling on terms. He shares a new way of investing in real estate. Actually, it’s not new. It's been around awhile, but people are unaware of it. Make purchases without using your own money!

Highlights/Topics:

Smart Real Estate Coach: Chris teaches strategies that take investing to a new level
Market Shift: Past few months brought three times as many properties under contract
Seller’s to Buyer’s Market: Sellers suffering due to minimum credit scores on loans
Lease-Resistant Path: How to get deals without using your own money
Lease Purchase: Built-in agreements with a $10 deposit and purchase attached to it
Good, Bad, Otherwise: Debt relief to pre-empt any potential problems or expired listings
Terms Deals: No healthier way to structure deal for the seller, investor, and buyer
Your Price, My Terms, My Price, Your Terms: Fair to offer during negotiation
Different Paydays on Deals: Now money, overtime money, and end-of-the-road money
Subject to Existing Financing: Sell property without paying off underlying mortgage
Due-on-sale Clause: Banks are in the business of loaning money, not owning property
Rent-to-own Property: Put person into property to create sense of ownership
Owner Financing: Structure deals with free and clear properties for estate/tax planning
Smart Real Estate Coach Academy: Constantly changing resource center/online course