Within the last year I purchased two 8-unit apartment buildings at a time when I had no money. I used 100% borrowed money. Both apartment buildings are in my home town—population 1,300. As a result of these two real estate purchases I have Increased my net worth from $8,000 to $50,000, after improvements and rent increases."
So how to overcome financial problems? You should use your problems to create your solutions. And what do your solutions do for you? They:
Give you assets—that is, ownership of real estate that rises in value as time passes.
Give you a regular income from your rentals, an income that will increase as time passes.
Give you the basis for building a strong credit rating as you pay off your loans.
Yes, creative financing can give you a new life—quickly and easily. And while you're building your new life, you're rendering a valuable service to people needing clean, comfortable, and safe housing. So let's overcome any financial problems you may have by using creative financing!
The first "problem" listed above—having no credit history — is really not of your doing. Some people who start their real estate moneymaking career early haven't had time to establish their credit history.
You CAN get income real estate for yourself, even with every financial challenge listed before, plus dozens of others you might name! So let's get you started on your way to real estate riches using creative financing.
Get Income Property with an Option
No credit history? A bankruptcy last month? Behind in support payments to a former spouse? Out of work, with no prospect of a new job? Yet you want to get into income real estate? No problem!
An option gives you the right to buy or sell a property for a given period of time. Your time allowance can be 30,60, 90,120 days, or more. When you take an option on a property, there usually is:
* No credit investigation.
* No income check.
* No employment review.
* No request for the last three years' tax returns.
You just pay a small amount for the option—from $1 to $100—for single-family homes. Then you take fast action to:
* Sell the property for a profit before the option expires.
* Get financing for the property based on the income it will deliver to you.
* Option the property to someone else for a much higher fee than you paid.
You can take ALL these steps without ever being asked a single question about your credit, your job, your business, or any other personal matter. Your whole key to success with no-questions-asked options is:
* You must have a plan for the optioned property BEFORE you take the option.
* You must know, in advance, approximately how much money you can earn from flipping the property after you take your option.
* You must act quickly so you get results long before your option
So consider using an option to control real estate long enough to earn money from it. You can use an option at any age — 18 or 80 — with any credit rating — A through D — with any financial history! Just follow the easy steps above.
© Copyright 2004 by
Buyincomeproperties.
.com