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Updated about 15 years ago on . Most recent reply

User Stats

25
Posts
4
Votes
Jorvon Smith
  • Wholesaler
  • Long Beach, CA
4
Votes |
25
Posts

Is it true??? Buy and Sell Real Estate with no money/Credit!!!

Jorvon Smith
  • Wholesaler
  • Long Beach, CA
Posted

Good Morning,
I am just trying to figure out, is there really a way to buy and sell real estate without cash/credit. I am tring to flip REO's, I come across delas "all day long" here in So. Cal, my method of payment is transactional funding, however everytime I think I am progressing or coming close to having an offer excepted, I am being told that my "type of funding" is not excepted. Yet I hear of people all over (esp. in the state of Fl) filpping all types of property with the same method of fundong, and from the very same company I use. I am now wondering if it's the California market. So again I ask, is there a legitamate way to flip properties without using cash/credit? All advice, suggestions are welcomed.

Many Thanks and GOD BLESS
Jorvon

Most Popular Reply

User Stats

4,583
Posts
1,170
Votes
Michael Rossi
  • Real Estate Investor
  • Ohio
1,170
Votes |
4,583
Posts
Michael Rossi
  • Real Estate Investor
  • Ohio
Replied

The answer is to work your butt off; fix your credit; and build up some cash!

If you haven't figured it out yet - here's the truth. Yes, you can buy property without your cash and/or credit. You can also hit the mega-lotto and become rich beyond your wildest dreams. Buying property without cash and credit is more likely than hitting the lottery, but starting a successful real estate business without cash or credit is not.

If you want to be successful at ANYTHING, it requires HARD WORK. If you want to start a successful business, it requires a LOT OF HARD WORK and some cash and/or credit.

Believing anything else is simply delusional.

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