All Forum Posts by: Account Closed

Well the key to getting into real estate with no money down, in my eyes, is to find a massively motivated seller, OR do some wholesaling.

That is get properties under contract for a good low price then sell them to an end investor for a mark-up. But you aren't selling the house, you are selling the contract.

My suggestion is to find these buyers and more eduction on these topics at your local clubs. If you are in Chicago there are a few decent ones.

Most of the time the homes are those bought when something is expanding. I know in Houston when they expanded the airport they were forced to buy homes, then they sold them for $1, but you had to move them to another lot.

As a matter of fact, I found an article on this topic:

http://realestate.msn.com/buying/Articlebankrate.aspx?cp-documentid=185654

Don't forget that now you can view your credit history for free once a year. This is a new federal law that went into effect. Not sure it has gone across the country yet as I know they had it moving state to state or something like that.

It does not show your score but you can see what is on it.

http://www.annualcreditreport.com

Amy,

Notes can be very rewarding, but you must put some work into it. You will see a couple of infomercials that make it seem easy, Russ Dalby & American Cash Flow, while it isn't that difficult of a subject to get involved in, it is a business, and takes effort.

I have been involved for years in the note industry. It has its good days and bad.