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| Author | Topic: No Money Down Real Estate Investing |
| John |
posted 12/2/04 3:09 AM
I found a system better than the many others I have tried in the past for the simple fact that it only costs me a fraction of what I paid for other programs and the information was easy to understand and apply. The name of the book is called “Making Money with Short Sales” I found out about it while doing a search online for Short Sale information (www.shortsaledeals.com). I posted a comment on a real estate discussion board to see if anyone had used the book before. I got a reply from an investor that said he bought it 6 months ago when he started bird-dogging but soon starting buying property on his own. I met another investor a few weeks later and he told me that he was buying property with no money down using the same system. He recommended that I pick up the book if I wanted an easy step-by-step system to follow. I followed the steps recommended to locate me first deal and submitted my first offer a week later. I was confident enough to promise myself that my first deal would be closed in 1 month. Needless to say, I was wrong. I closed my first deal in 1 month and 3 days. The property was appraised at $134,000 ARV and I got it for $105,000. Instead of keeping it, I sold it to another investor for a quick sale at $115,000. After all fees were paid I made $16,350. Not bad for my first deal. I believe that facts tell and stories sell, so I thought everyone would appreciate the story. If you are looking for a No Money Down system that gives you step-by-step instructions, go to http://www.shortsaledeals.com and check it out for yourself. |
| tom |
posted 2/13/05 11:47 PM
Do your math. Bought for 105,000 sold for 115,000 hey what about closeing and purchase costs for realtor and lawyer say 7,000. Ok no cost you still would make 10,000 not 15,000. Maryland Long Distance carriers. |
| eric |
posted 2/13/05 11:51 PM
I agree you only made few thousand and risked alot of money for that. If house had problem you could loose big money. Cheap Dsl. Chesp Dsl Service. |
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