OfflineThe other day when I was walking out of the escrow office it hit me..
..THE AVERAGE JOE....
First off......you buy a house for FULL PRICE FMV, and the house has Little or NO EQUITY.
If you are a "regular" guy and you want to purchase a home by the method that 99% of people do.....You need to look at your bank balance for a Down Payment.
They want all kinds of info about you.
Tax returns and all kinds of records about you, not the property....they don't care what you are buying.
They want to make sure you can afford the purchase.
Lastly they want YOUR MONEY (20%)DOWN or you don't get a loan. When you leave escrow...your pockets are EMPTY.
On the flip side......
..INVESTORS..
First......you find an AWESOME DEAL....WAY below FMV....you SAVE a bundle and actually MAKE MONEY in the form of equity.
Because you are a savvy, knowlegdeable investor and you do the OPPOSITE of what the masses do....ie...USE OTHER PEOPLES MONEY.....You don't need to look at your bank balance.
They Really don't need to know a whole lot about you
They May not need ANY tax returns or other info
They want to know about the PROPERTY.... Not YOU....Mostly they care about what you are buying.
Lastly they are willing to loan you 100% of the funds, and love giving you MORE to fix up the house too !! When you leave Escrow....you might just leave with CASH in your hand.
It clearly is not logical and flat out crazy, but I think I'll side with the Investor's strategy here.
BUILD your knowledge base....it is your ARSENAL to wage war against disbelief and the negativity of the status quo. You need your weapons......It's your choice whether you carry them or not.
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Build Relationships and open the door to opportunities that could once only be dreamed of......never take those relationships for granted.
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Don't let EXCUSES be the nails that keep you INSIDE the box.
And the great thing is that any "average joe" has the "Investor" potential. They just don't know it until they 1)Hear it, 2)Believe it, 3)Do it.
Without all three steps, no metamorphosis. Gotta choose it.
Rina
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
I appreciate your positive feedback.......I know that we all need it...although RESULTS are the best faith builder. I hope to come to the meeting....I promised myself if I can close this deal I would go.....still trying to get the funding done. You don't have a good HML do you?
Sam
BUILD your knowledge base....it is your ARSENAL to wage war against disbelief and the negativity of the status quo. You need your weapons......It's your choice whether you carry them or not.
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Build Relationships and open the door to opportunities that could once only be dreamed of......never take those relationships for granted.
--------------------------------------------------------------
Don't let EXCUSES be the nails that keep you INSIDE the box.