How to buy your first rental property
with no money? Are you wanting to buy property? Wanting to get rental
properties but you don't have a lot of spare cash laying around? Well, I was in
the same boat but I got it done. I have lots of rental properties now. I love it
and I'm going to show you exactly how to do it so that you can start making money too.
Lets go. I'm going to share with you my dirty little
secrets to start getting rental properties now with no money. And I want
to tell you exactly where you should be looking to buy your first rental
property so that you don't buy the wrong one. Noelle here. I am a real estate
investor. I have tons of real estate properties now. In fact, I even teach it
and I have students that have lots of properties. So, I am a big fan of rentals
as you can see from this video and the excitement that I have when I'm talking
about this. And I'm going to tell you why. Because it is so important for you to
know exactly why you should be getting into this and know some of the traps
that people have. So, when I started investing in real estate, I started in
like 2002, 2003. I was in Atlanta. I was flipping houses while working a job. So, I
never educated myself, I did not know what I was doing. So, when 2009 happened
in the crash happened, I lost everything. I ended up back in my parents basement
with my husband and my kids. It was a mess. But I educated myself and I was
able to climb out of that hole. And eventually I started getting rental
properties. And eventually, I quit my job with just my rental properties. So again,
this is something that you can do. It is not hard to do even if you were a total
loser like I was in this. You can rebound. So, we got to start though with your
first rental property and you got to think about why you want a rental
property. So, one of the things that I use rental properties for was cash flow
income. So, each month while the tenant is paying the rent, they were paying down my
mortgage. Additionally, I was making sure to get properties in the right place,
okay? Because I got a coach and he told me about finding properties in a good
place and i'ma tell you exactly how to do that. So, that the values were going up.
So, then one of the things that I was able to do throughout my time will sell
those properties with the tenants in it and I was able to pick up on some really
big paydays. I'm talking 40, 50, 100 thousand dollars at a time. Just by having someone pay the mortgage for a couple of years and then selling the
property and walking away with a bigger check and then I had came in with. And so,
it's amazing thing with rental properties not just the
the revenue that you can get but also those lump sums of cash when you go to
sell your properties. Which I totally recommend that you do. Additionally, you
can gift those properties to your children, to family members. You can
leverage them, you can borrow money against them. It really opens up a ton of
doors for you when you have rental properties. So, if you are thinking about
getting a rental property, get clear on what it is that you want. Know that you
want that monthly income coming in. Yes, but know that even more importantly you
want to be able to sell those bad boys and start getting 6-figure checks. So,
let's get into that part. So, when we are talking about rental properties and
getting your first rental property with no money down, I did it and you can do it
too. You have to leverage other people's money. I know you guys have heard this
term before. If you haven't, it's a big acronym in the real estate investing
world. It is O-P-M, other people's money. Now, does that
mean like your mom and dad's money or you got to come from a wealthy family,
things like that? No. That's not what I mean at all.
Banks have money to lend. Hard money lenders have money to lend. There's
private money. The person that you are buying the home for in many cases can
lend you money or give you equity. So, many different things. But you need to
understand the process because you don't want to get over leveraged, okay? You
don't want to mortgage all of the value and the equity away on the property. You
want to have some equity so that when you sell the property, like I said, you do
get those lump sums of cash. So, let's kind of talk about other people's money.
So, we're talking about getting a rental property, in most cases, I'm talking about
using either a hard money loan and that's where you find a property that
needs some repairs. It may need to be fixed up a little bit and you put in
some effort and you fix that property up or you hire crew to fix it up. And then
you refinance out of that mortgage once the house is fixed up. And you put a
tenant in it, okay? This is a very popular concept in real estate investing called
BRRR, okay? And that stands for Buy, Rehab, Rent, Refinance, Repeat. So, essentially,
what you do you buy the property and needs
pairs. You rehab it, you fix it up. You rent it put a tenant in it. Then you
refinance that mortgage, okay? Becuase now that you have a tenant in there and
they're paying the mortgage. That is income and the lenders the banks they
will give you credit for the rent that that person is paying, okay? That future
revenue that you're going to get. And so it makes it easier to get qualify for a
loan. Again, I have a whole video on it. I won't bore you on it. But then the last R
of course is Repeat. That is how we build our portfolios we get tons and tons of
properties doing it this way. And it is amazing thing to do. So, we're talking
about how to find these properties, you have to find people with property
problems. It's the best way to do it. As I mentioned, with the BRRR strategy, again,
just one of the strategies that you can use to start getting properties with no
money is finding people that are in a financial distressful situation or the
property is in distress and it needs some repairs. But if you fix the property
up, it would be worth more. There's tons of lenders called hard
money lenders and there's some private lenders that will literally lend you
money to buy the property, fix the property up and even give you some money
so that you can make sure that you have some reserves, okay? In case something goes
wrong. They can lend you all of that money, alright? And we've done it many
times you've heard you've seen these shows on HGTV where people are fixing
and flipping properties and things like that. You can do the same thing but you
don't have to flip the property. You can keep the property and put a tenant in it.
And it all fits into this one big strategy of finding people that have a
property problem. Either their property is in distress and needs repairs and
they don't have the money to fix it. And you can come in and be that person that
does that. Or they have a financial situation where they are behind on the
mortgage payments or they're getting divorced or bankrupt or they need to
move out of the property something like that. And you're able to acquire that
property for just the money that they're behind on their payments and things like
that. So, that's what you want to do. The key, if you don't want to spend a lot of
money, you don't have a lot of cash laying around, you want to do this with
no money is: You've got to start finding people that will lend you all of the
money, okay? Start going to real estate investor
Association meetings. Start reaching out and finding hard money lenders. Start
connecting with people that want to do real estate, private money. And then
finding those money and then finding people with property problems. So, when
you put those 2 things together, getting the money together, other
people's money and then finding people with property problems. And you marry
those 2 things together, that is how you start to get properties with no
money of your own, okay? No money. When we say no money, we're talking about your
money, you don't have to put any money into it. And there's amazing ways to do
that if you marry those two concepts that I just gave you. Alright, I'm
giving you one more tip so that it all fits together for you. When we find these
people with property problems, the bonus to this is many of them can sell you the
property subject-to. Meaning the mortgage that they have will stay in place. Or
they're in a situation where they need to sell the property and they are
willing to lease purchase that property to you, okay? Where you don't actually
have to buy the property. You can actually lease the property, they move
out of it then you start making money on that property by putting a tenant in
that property or furnishing the property like my friend has done and like we do
with lots of properties and we put them on Airbnb. That is what you want to do,
okay? So, start thinking about finding people with those property problems and
educate yourself on subject 2 and on how to do lease purchases, okay? Again, I have
total complete videos for you. If you need a little bit more detail, but the
gist of it is you can buy the property and leave that existing financing in
place and then you take over those mortgage payments, okay? And then you find
a tenant and they make the payment the loan never came in your name or anything
like that. So, that's no money down. Or you can actually lease the purchase from
that person that's in financial distress. Again, they move out take the property
over put a tenant in it and do what you need to do with the property and start
making money. And so, I have tons of students doing this and this is how they
are getting their rental properties right now. I literally just had a student
that found a property that was in probate and they had no mortgage on the
property at all, okay? So, they owned it free and clear. The guy had inherited the
property from his mom. And now my student now has their very first rental
property and they didn't have to come out of pocket with any money. So, this is
possible. Just educate yourself, keep watching these videos and I'm going to
keep giving you more information. As a just super, super bonus tip, I have to
give you this one because I would just be remiss if I didn't tell you. Another way
to buy rental properties and get your first rental property... Again, you can find
seek out private money, hard money. But a new way, super, super new that almost
anyone can do is you can do a real estate crowdfund,
okay? In fact, I actually just got into this. I used to partner in JV with lots
of my students. JV stands for joint venture. And we would get properties
together and we would have to sign an agreement on every single deal that we
did. But with a crowd fund, you literally can go to different websites like Trucrowd and Kickstarter. In fact, I have one here NUUREZ. You can go to Trucrowd.com. It's a platform for crowdfunding. We literally have on for our real estate investments where people can put in as
low as $500. And we're buying properties all over the country
and splitting their revenue and the profits with the investors. You can do
this exact same thing if you want to. The opportunity is there for you. I did it in just a matter of months. And we have over a hundred... We actually we have probably
nearly 200,000 in that fund and we are rocking and rolling
and you can do the same thing. Either you can create your own or you can go to
that trucrowd website that I said. And you can invest in ours and start getting
quarterly distributions. Again, the door is wide open for you to not spend a lot
of money. In fact, and if you get your own crowd fund, you don't have to spend any
money. Other people's money, they'll give you and then you start buying properties
and then you split the profits with them. Super easy.
Win-win situation. If you want to learn a little bit more about how to get rental
properties with no money down, spending very little money, I invite you
to come to our webinar. We literally have our own crowdfund as I mentioned
before. And I would want other people to do the same thing. You don't
have to invest in ours but I would like you to come and just check it out. And
then if you want your own or if you do want to invest, the door is wide open for
you. So, go to NUUREZ, that's N-U-U-R-E-Z, ".com". NUREEZ.com. And go ahead and click on the invest and come to one of our FREE informational webinars. They're live calls that we do every single week. Me and my business partners talking about the business, what we're doing with
properties, how we're splitting the profits with regular people. And again,
how you can get involved and do the exact same thing. This is Noelle. To your success.
