A quick and simple way to start making money as a real estate investor without investing a dime or using your credit. You can start this method today and make money, very, very quickly. This audio series will show you the basic method and then go on to show you how to automate that process with Internet Marketing so that you can create consistant, reliable income every week. To sign up for the series, go to http://www.JoeCrump.com
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You can make a nice chunk of cash in real estate by using the “For Rent Method”. I’ll explain what it is and how it works here.
“Can you explain the “For Rent Method” for me? Can it really make me thousands of dollars in a few short days? I need money now.” – Christie Lambert, Seattle, Washington
Joe: I don’t think you’re any different than most of the people that are watching these videos – you want to get to the money as quickly as possible, and absolutely – you can make money with the “For Rent Method”. And that’s why it’s the first thing that I teach in my “Push Button Method”.
Joe: When you look at the quick start video, it’s about the For Rent Method. When I have somebody start with my partner mentor program (my “Six Month Mentor Program”) I always start them with the For Rent Method. When we go to the buying event, I always start the buying event teaching the For Rent Method because it’s one of the quickest easiest ways to get money very quickly.
Joe: I’ve seen people make money using this method in five minutes, making thousands of dollars in five minutes. Those are people that are more advanced and they already have the infrastructure set up and they have their list built (because you can sell this very quickly). But I’ve also seen people that started from scratch, brand new people make this thing happen within a week. So, it doesn’t take long to make this happen.
Joe: Let me tell you the structure of how the For Rent Method works. When we’re not automating this process (because there’s ways to automate this process, too) this is what I start everybody with, because I think you need to go through the grunt work a little bit to understand the whole process; you’ve got to walk before you can run. So what I do is I have them get on the phone and call people that have their homes listed for rent and then ask those people, ‘Hey, would you consider selling your home rent to buy rather than just renting it?’ And we find that one in three of those people immediately say, ‘Yes, I would consider that.’
Joe: So what we do is we give them what I call the lease option memo. It’s a one page, very easy to read memo and easy to sign because it doesn’t obligate them to anything. We have them sign that, and essentially it’s a lease option that gives us the right as the investor to assign that right to buy to someone else, to another buyer. So we’ll take that lease option – that makes us a principle in the transaction.
Joe: And that, by the way, is what makes it possible for us to be legal doing this. If you don’t use that document, you’re not going to be legal. You have to be a principle in the transaction or you have to have a license to be able to represent that seller. You’re not representing the seller if you’re doing it my way – you’re becoming a principle in the transaction which makes it possible for you to do it legally and go out and sell that property to another buyer.
Joe: Once we get that lease option memo, then we go out and we find a lease option buyer. I have some amazing marketing techniques that make that happen quickly. As this video series goes on, we’re going to be talking about those techniques to find those buyers quickly and easily and with very little money. We’ll put our marketing out there, and we get a lease option buyer usually within a week or two weeks, almost always within 30 days, assuming that the deal was put together properly. We then ask that buyer to give us a lease option fee and the first month’s rent.
Joe: So, let’s say we have a property that’s worth 0,000. We’ll ask them for a ,000 lease option fee and the first month’s rent. Let’s say it’s a ,200 a month deal. We’ll get ,000 in one check, ,200 in another check and we keep the ,000 – that’s our profit in the deal. The ,200 goes onto the landlord. He gets that in the deal plus he gets full price. If he wanted 0,000 for his property, we are going to go out there and sell it for 155 even if it’s only worth 150, because….
To read the rest of the transcript, click here: http://joecrumpblog.com/what-is-the-for-rent-method-and-how-it-can-make-you-an-extra-5k-in-7-days/?utm_source=Youtube&utm_medium=EndLink&utm_campaign=Youtube13109