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Real Estate Investing
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Sub2, Owner Finance, Options, Lease Options Forum
(Moderators:
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HELP A BROTHA OUT HERE!
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Topic: HELP A BROTHA OUT HERE! (Read 4525 times)
aseruti
Member
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Posts: 108
Re:HELP A BROTHA OUT HERE!
«
Reply #15 on:
January 29, 2007, 07:43:15 AM »
one of the reasons that oscarpope disagrees with manag. is because you can make money with l/o having little money.sure there's risk in them but then again everything else has a risk. sure having money can help you a bunch when something happens or to do some advertising but that shouldn't stop you from doing l/o.just study and feel comfortable about ( the things that you can do to protect your intrest) the subject before you do them.
dtrump it doesn't take that much to do some marketing, just a few signs will do it to start out, just be creative.
I can't stress this enough, study, study, study and make sure you do them right from the begining and you should be on your way to having a good reputation around your town. Good luck & God bless
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oscarpope78
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Posts: 9
Re:HELP A BROTHA OUT HERE!
«
Reply #16 on:
January 29, 2007, 02:35:19 PM »
Dtrump,
There are people out there that r tired of losing money in the stock market and are looking for some low risk investments with moderate to high returns on there investments. The idea is to find those people. It's not easy approaching some rich person and selling them your idea, but it can be done with persistence. they're ususally looking for around 10- 12 percent return with extremely low risks. That's where you come in. Invest in education concerning Real estate and also your financial understanding on the like. You'll find that the more you know the easier it is to convince someone to fund your deal!
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propertymanager
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Posts: 4854
Re:HELP A BROTHA OUT HERE!
«
Reply #17 on:
January 29, 2007, 05:22:21 PM »
aseruti,
You missed the point. Yes, it is possible to buy a property with no money and bad credit using a lease-option, sub-2, owner financing, etc. I have done all of these types of deals myself (although I have excellent credit).
What you are choosing to ignore is that fact that it is nearly impossible to run a business with no money and no credit (in other words - no reserves). The issue is not whether you can afford a few dollars for advertising. The issue is that someone who has no money and bad credit must have EVERYTHING go right. This almost never happens. You can not operate a business with no money and bad credit. It's just that simple.
You can hope that I'm wrong, but to do so is to ignore the facts.
Good Luck,
Mike
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www.1MinuteToRentalPropertyRichs.com
This No-Hype, No-Nonsense Book is a step by step course in making money and building wealth with rental properties! Everything from buying properties at a discount to dealing with terrible tenants. Now In Paperback!
oscarpope78
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Posts: 9
Re:HELP A BROTHA OUT HERE!
«
Reply #18 on:
January 29, 2007, 05:32:34 PM »
I was referring to OPM
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dtrump
Member
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Posts: 68
Re:HELP A BROTHA OUT HERE!
«
Reply #19 on:
January 29, 2007, 06:21:14 PM »
Quote from: aseruti on January 29, 2007, 07:43:15 AM
one of the reasons that oscarpope disagrees with manag. is because you can make money with l/o having little money.sure there's risk in them but then again everything else has a risk. sure having money can help you a bunch when something happens or to do some advertising but that shouldn't stop you from doing l/o.just study and feel comfortable about ( the things that you can do to protect your intrest) the subject before you do them.
dtrump it doesn't take that much to do some marketing, just a few signs will do it to start out, just be creative.
I can't stress this enough, study, study, study and make sure you do them right from the begining and you should be on your way to having a good reputation around your town. Good luck & God bless
thanks,
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Nothing will stop me from getting to my goals.just do it
dtrump
Member
Offline
Posts: 68
Re:HELP A BROTHA OUT HERE!
«
Reply #20 on:
January 29, 2007, 06:22:35 PM »
Quote from: propertymanager on January 29, 2007, 05:22:21 PM
aseruti,
You missed the point. Yes, it is possible to buy a property with no money and bad credit using a lease-option, sub-2, owner financing, etc. I have done all of these types of deals myself (although I have excellent credit).
What you are choosing to ignore is that fact that it is nearly impossible to run a business with no money and no credit (in other words - no reserves). The issue is not whether you can afford a few dollars for advertising. The issue is that someone who has no money and bad credit must have EVERYTHING go right. This almost never happens. You can not operate a business with no money and bad credit. It's just that simple.
You can hope that I'm wrong, but to do so is to ignore the facts.
Good Luck,
Mike
but a person has to start some where to make money to fix credit.
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Nothing will stop me from getting to my goals.just do it
shadow05
Member
Offline
Posts: 30
Re:HELP A BROTHA OUT HERE!
«
Reply #21 on:
January 30, 2007, 02:34:30 AM »
assigning a contract might be risky but its the LEAST riskiest of the options and for someone starting off that is the best way who cares if lose $500 if you came close if you close one deal you can make that back and profit and learn something that will bring in the checks constantly if the marketting is good
dont give up and keep trying
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Real Estate Investing Forums
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Sub2, Owner Finance, Options, Lease Options Forum
(Moderators:
$Cash$
,
Bluemoon06
,
kdhastedt
,
Mdhaas
,
motivatedceo
) | Topic:
HELP A BROTHA OUT HERE!
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