Monday, January 14, 2008

Getting Started with Little Cash Up Front.

This is a question asked last month by one of our Project X inquiries. Thought I'd share with you!

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So Jerry, How do you get started in real estate with little or no money up front?

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Hi Tom,

Here's what I suggest - Get training, even online, like what is available now at 'Project X,' or SOREM - www.SecretsofRealEstateMillions.com.

Next, you need to have sellers calling you, not vice versa. (This is marketing to find properties).

Negotiate an Option To Purchase the property.

Sell the property via a 7-Day Sale (auction the property).

Cash Check.

Or, for commercial properties, you look for low or no-money down deals. With 3 of my LOS Platinum Members, we just closed (well, back in November) on a 6-unit apartment with zero money down. We have spent some on repairs, and of course on due diligence, but no money went to the mortgages or the seller at closing.

Hope that helps! I'm offering 30-days FREE at the SOREM site for Silver and Gold members. Check it out!

http://www.secretsofrealestatemillions.com

Real Estate Education & FREE Information for Busy Dentists - For more information visit http://www.RealEstateForBusyDentists.com

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