do not be afraid[lease option] !!

Hello, My name is Ivory Wilder. The most interesting thing happened to me. Three weeks ago I was channel surfing. With $66 to my name, I was in a depressed and desperate state of mind. My job cut back on my hours, so I am now only working part-time. I'm thinking to myself that I need a change in my career and in life. Then I see dean Graziosi on t.v. I looked at the program and became excited just about making money in real estate. I am only on chapter 5, but am ready to a step forward into purchasing a foreclosed home. I am asking for some advise for someone like me who has no money and new to real estate, where do I start. How can I purchase a home with no money down. I will thank you for your responses.

congratulations on purchasing deans book and beginning to read and absorb all the valuable teachings in there!! read,read,study study all that is in his books AND get on this site as often as you can .you will be glad to know everything you now have is at your fingertips to learn how to make $ even with no $ down.if you look at the home page right over where it says search/enter with the magnify glass you can enter any subject you may want to know about .
good luck ivory and dont be afraid to post and ask ?s on anything their are many helpful people on here.glad to have you aboard and take action on what you are learning!!

Welcome aboard Ivory. Glad to have you here. There are alot of people here that you can learn alot from. Just about anything you need to know is on here in the forums already, just do a search. If you can't find it, just ask.

Welcome and good luck,

Brian

I do this rutenally.whether I am selling or buying.If I am selling I ask for a year or more I pay interest to the Rea hopefully at less than the bank charges Then I invest that money in more RE If I am buying on a LO I get the commission defered tell I exeercize my option that way the seller has nothing out of pocket.
Bill

I've been hearing a lot about Lease Options, but don't know what they are. Can anyone give me a simplified explanation of what a Lease Option is and how it works with little or no money?

They are taught in Deans books and In the courses at the acadamy
Bill

I'm gonna skim through the BAREM again today to see if I can find that section.

a lease option is what it states/you are leasing or renting the property with the option to buy it at the agreed amount and agreed upon time frame. another term is rent to own.there are many ways to obtain property with no money down.
i just sold an empty lot that is approx 1/4 acre for no money down to buyer. i wanted 5-7000 cash for it if i could get it,after a couple weeks the person that i sold my first deal to asked to purchase the vacant land with no $ down so we agreed to a payment that they could afford which was approx 176 per mnth for 7 yrs at 9 %. it was a win win situation for both of us .so there are no $ down deals out there YOU just have to look and ASK!!

is a FABULOUS strategy to use !!! It still works like a magic carpet and I continue to master it with LASER FOCUS !!!!
Hope you enjoy some OLD posts from 5 yrs back )