No money down real estate investing!
It’s all over the infomercials.
It’s all over the book stores.
…But they don’t really tell you how to do this, or why it’s really so powerful and that it should be crafted so that the sellers do get money…It’s just not yours.
Remember, I told you that I am not going to be putting myself or you at risk when investing in real estate. This is one of the most important rules we have.
One of the biggest risks is investing a lot of money into a deal. There’s just no need for it!
So, how to you get around it?
One of the best ways is with a simultaneous close.
What is a simultaneous close?
It’s a close where you buy and sell a property at the same closing. You sign the papers to buy the house and then, you sign the papers to sell the house right after.
Why is this powerful?
Because it eliminates the BIGGEST risk that you have investing in real estate…Using your own money!
Instead, what happens is that the deal is funded by your buyer.
For example: Let’s say that I get a deal into contract and I am buying the house for $101,000. Then, after I have the agreement signed, I found someone to buy the house for $117,000. At the closing, the person buying from me would bring the $117,000. The title company (or attorney) would cut me a check for $16,000 and the rest would go toward the seller’s (person who was selling to me) balance.
You see, I didn’t have to bring any money at all. There was no need. My buyer brought all the cash and I got a check, and so did the seller.
How many deals would you do if you knew that you didn’t have to use your own money? You don’t! So, get started…
If you learn how to find buyers, you will never have a problem trying to make money in real estate.
Note: The worst thing that can happen when you get a house into contract and you can’t find a buyer…is that you’d lose your earnest money deposit, which shouldn’t be that much if you stuck with our biggest, Ron Legrand-adopted rule: Don’t write big check, don’t lose big check.
To Your Immediate and Lasting Real Estate Investing Success,
Kenney 
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