How to Buy Real Estate without Cash or Credit

http://www.freedommentor.com – Lecture I delivered to the University of Central Florida Real Estate School on How to Buy Real Estate without Cash or Credit.

http://www.PrivateInvestmentClub.com – Enjoy this special gift called, exclusive digital book, “Cash Cow Properties” — Click here, www.privateinvestmentclub.ca/ccp – Sunil Tulsiani
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40 thoughts on “How to Buy Real Estate without Cash or Credit

  1. Hi Phil
    Is there a way to do owner financing if there are any liens on the property or if the owner has borrowed against his equity?

  2. Can someone clarify me this?
    1) owner is the bank- will you make a contract with the onwer agreeing that you will pay the 100,000 (selling price example) monthly?
    it is the same as agreeing with a bank.!!!
    pls someone explain it to me

  3. 52:35 I dont understand, putting money up for a second mortgage on this property if doing a lease option on it. Phil is always very Informative and fun, great lecture for Newbies! Subscribed! JQP

  4. Is it probable that for a, "for sale by owner" property to have a lien on it? I'm looking at a few, but suddenly am concerned about that

  5. Hey Phil!
    I have your book and have been following your video courses, and I'm wondering what you think the best step is for someone like me.
    I'm a 17 year old who realizes the money making opportunity in the real estate world and I want to start in this field but have no clue where to start. I am turning 18 this year and that will obviously help with a lot of legal things. But i'm mainly confused as to where I should start? I understand how flipping and wholesaling works and wondered if you would suggest that towards a beginner? I understand how much knowledge is needed for these and I was just wondering mainly where a good start point would be for someone like myself trying to have a real future in this industry. Give me a sense of direction and I will shoot to achieve it!

    Thank you Phil!

  6. You are an excellent teacher.The type of knowledge you are rendering for free here is what one can not get from the professors even after years of college education. Thank you!

  7. NIGHTMARE ALERT: I had a friend whose dad died in CO. and left his home to his son in MN his son wasn't keeping tabs on the property and was planning to retire there, when after about a year his dads neighbors contacted him and said who the hell are you renting to? they've got cars up on bricks all over the place trash everywhere! He was like WHAT?? Turned out there was a group of Mexican's squatting on his property. He drove down and called the sheriffs to get them out, and they told him they couldn't do anything, and that he had to serve them with eviction notice which he did, but they gutted the property before the evacuated. sad sad story

  8. Ps. If you would ever like to expand into the Australian market and are looking for someone to do the ground work (under your guidance) I am your girl!!

  9. Hi phil, my name is Ashleigh and I just spoke to Lori from your office, and I just want to tell you that she was awesome! So helpful. I am in Australia and I really wish your help was here :)

  10. I have another question. 🙂 when you and the seller make an agreement for a subject to can you sell the house since you own it and use the extra money you made from the house to pay off there mortgage?

  11. So with the lease option, you take the property from it's original owner with an option to buy, but for the investor (me), that option to buy is purely for the tenant? By the way great video, I'm on board!

  12. how did you make profit with the property taxes I say this because like u I'm 22 & looking for a way to build equity & let my money work 4 me

  13. why doesn't challenge #3 work compared to a subject to. ok they have to pay there mortgage in order to sell there house but why can you just do a subject to and pay it off for them?

  14. this may seem like a dumb question but i must have missed something so i will ask…….. I am thinking about buying this (4 apartment duplex)…….I plan to live in one of the apartments and rent out the other three,,,(not an investment thing)….the seller still owes 230,00 on the home but her job has moved to another city and she needs to get rid of the building…. i told her i will pay her 800.00 a month and she will sign over the building to me…… Question how will she sign over the building to me? ( after we see a real-estate Lawyer and he draws up the contract will the seller give me a Deed ? … or Title?…. or will i just have a contract saying that i am the owner? ( i only ask because in some states the buyer only gets a deed or title when the loan is paid off.)

  15. I got his advice "Use the money form Line of Credit"
    No Money down in Canada still available
    Mr Dinh (647) 287-9769 YouCanBuyHouse

  16. Thank u for this video. I understand every detail coz its all in layman's term that anybody would undrstand. Great job!

  17. I don't get how using someone else's money is any easier. First they will want to know
    what you are doing with it and they likely charge a much higher interest rate than any bank. So why is this the way to go?

  18. I don't get how using someone else's money is any easier. First they will want to know
    what you are doing with it and they likely charge a much higher interest rate than any bank. So why is is the way to go?

  19. Ok but if I can sell the property to someone for 210. so can the person i bought it from so why would they sell it to me? Confused I am. Also where do i find these sellers and buyers? Also, maybe i'm wrong but it sounds like the seller and or buyer is not quit as
    smart as me? or at least my chances are better if they don't know what i know. The fact that you are using someone else' s money, doesn't make it any easier. No one is going to give it to me. I'm paying them interest and short term.

  20. Ok but if I can sell the property to someone for 210. so can the person i bought it from so why would they sell it to me? Confused I am. Also where do i find these sellers and buyers? Also, maybe i'm wrong but it sounds like the seller and or buyer is not quit as
    smart as me? or at least my chances are better if they don't know what i know. To me
    its still risk, and lucky enough to be in the right place at the right time.

  21. Great info, i am just starting of in the real estate work for TNRE 1120 HOLDINGS, LLC a real estate investment firm specializing in purchasing distressed properties, completely renovate with the highest quality of workmanship and secure the property with a long term tenant providing investors with a turn-key investment with a secure predictable income. thanks for the info!

  22. Hi Sunil. Great video! But I have a question for you. In the example that you give: $200K purchase price, 20% ($40K) down. Say I get a private lender to loan me the $40K, I would need to get enough of a rental income to pay the mortgage and the private lender monthly? Correct? Thanks, Mario

  23. Hi Sunil. Great video! But I have a question for you. In the example that you give: $200K purchase price, 20% ($40K) down. Say I get a private lender to loan me the $40K, I would need to get enough of a rental income to pay the mortgage and the private lender monthly? Correct?

  24. Hi Sunil, awesome video. Always great to see a fellow real estate investor in Toronto and GTA rocking it. I like the point that you make in the beginner that – you always need money to invest in real estate but the money doesn't need to come from you. This is very big point overlooked by new investors starting out. The tips that you gave on all three ways how to structure real estate deals with no money down are great and very easy to follow. Nice job. Alex

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