How To Buy a House with No Money and No Job!
How to buy a house with no money and no job! No income! No Job! No Assets! Ninja!. That’s right, you heard it right. No income! No Job! No Assets! Stop right in! Ok, in all seriousness, this isn’t an advertisement for pre-2007-2008 Ninja loans. Although, if you are sitting there with no money and no job and you are asking yourself…Can I buy a house? Keep watching, and we’ll show you how. No scams, no gimmicks, no get-rich schemes.
Can you actually buy a house with no money and no job? Yes. Although, I want to be 100% honest with you. The last thing I want is for this to come off as a get-rich-quick scheme because it is not. I’m sure we have those superheroes out there that can leap tall buildings in a single bound. Although for a large majority of us, you are not going to wake up from your buddy's couch eating chips from your chest like Kevin James, decide to get into real estate, and land a deal that is going to make you a millionaire overnight. The reality is that you’ll need to learn the concepts and the strategies, and you’ll have to retrain yourself mentally. The reality is this is all going to take time and dedication, but it is 1 Million% possible for you to buy a house with no money and no job. Keep me honest, Anish. Am I lying?
Click play for a response.
I think one of the biggest strengths you’ll need to have is your ability to be creative. For example, I was working on a deal with Anish and Harry Diamond. This was a wholesale deal, and the team that had it under contract was looking to offload this property quickly. Using some of the tools we discussed in this video, I was able to talk them down from $362K to $136K over the phone, contingent upon me getting down and viewing the property. Y’all, this house looked like. Illegal additions, electrical work that was nothing short of criminal, 3 junk cars, chicken coups, and to top it all off, $800K in accruing violations. Not Harry nor I skipped a beat. I just remember the desperation in the wholesalers’ voices. Where they were running away from the deal and or desperately looking to offload it, we were running towards it with open arms. Instead of focusing on the negatives, we were focusing on the solutions and options. We already had the property sold. We didn’t end up closing on the deal, but the saga isn’t exactly over yet. Anish, mentally speaking, what other traits will they need to buy a house with no money and no job?
BootCamp:
https://www.bpmquickstart.com/
Coaching:
https://bpmreia.com/
(00:00) How To Buy a House with No Money and No Job!
(00:34) BPM REIA Online Intro
(00:46) BPM REIA Online | How To Buy a House with No Money and No Job!
(02:11) BPM REIA Sponsor
(03:33) 1) Required Mental Training
(04:57) 2) A Deal That Makes Financial Sense!
(05:29) 3) Other People's Money (OPM)
(05:53) Hard Money Loans
(06:12) Bank Loans (Mortgages)
(06:23) Private Money(06:44) Family & Friends
(07:19) Seller Financing
(07:51) Asset-Based Lending
(08:25) "Subject-to"
(08:49) Real Estate Crowd Funds
(09:38) How To Buy a House with No Money and No Job Conclusion
DISCLAIMER: Shawn McMurray, Anish Dave, and BPM REIA, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Shawn McMurray, Anish Dave, and BPM REIA results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice, please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence. AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.