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| Author: Anthony Minnuto |
There are a lot of late night TV infomercials out there saying you can buy real estate using none of your own money or "other people's money" but what they don't tell you is that its up to you to go out and find someone who has money and convince them to lend their money to you... and if you don't have any experience investing in commercial real estate, it's highly unlikely you'll be able to find someone willing to lend you their money for you to learn.
95% of Real Estate investors fail because they aren't able to get enough private lenders. Most new investors are never even able to get their first private lender.
Many never even get started because they don't take the time and effort to get fully educated. These investors end up working the rest of their life for a meager existence.
When I started out, I tried to invest in single family houses but I constantly ran into the obstacles of not being able to find motivated sellers in a sellers market. Anytime I found a seller who HAD to sell, they would just put their house on the market themselves and they would find lots of buyers who would outbid each other.
Then there are those numerous 'We Buy Houses' people who would bombard sellers with mail and offers. These investors don't last long and usually quit their first year.
In order to succeed, a new investor has to be able to find a motivated seller, convince them to sell their property to that investor rather then all the other buyers & investors out there and then that investor has to come up with cash to buy the seller out of their equity.
That's where private lenders come into the picture and that's where 95% of new investors drop out. They either don't have any money, or don't have access to enough money to be able to do the deal.
For a new investor to buy commercial real estate using 'other people's money', well... while technically possible, it's highly unlikely and nearly impossible. That's why it almost never happens. It does happen, it's just very rare and most investors burn out trying to accomplish what's possible but highly unlikely.
Cash investors don't invest their money in people who don't have any or enough experience. It's just the reality that too many new investors don't realize until they give up trying.
That's exactly what I ran into when I started out and that's why I don't use any private lenders at all. I cracked the code on how to buy apartment buildings with absolutely no money at all and without borrowing money from anyone. And no, it doesn't require 100% seller financing.
That's why I'm the only person in the country teaching how to buy apartment buildings without any money at all. Yours or anyone else's money and EVEN get CASH BACK at closing! Anyone can teach theory or say they did it but I'm the only one who did it, and I prove I did it by showing you the closing documents as proof (on my website and at by boot camps).
If you're a new investor, my recommendation as your mentor, is NOT to pursue properties that require "other people's money" because you'll only be wasting your time... unless of course you currently have access to "other peoples money". If you don't take this advice, you will likely burn out trying and give up on investing in real estate.
I've been there; I know the truth about private lenders. If you have them, then you might as well utilize them, if you don't and you don't have experience in buying commercial properties, then you will struggle to get them and will end up getting frustrated and quit.
That's where my training comes in. When you register for my Boot Camp Training seminar, I'll show you how to identify apartment buildings that don't require cash to acquire. They only require the knowledge I teach my students and the forms & contracts I provide to them.
Come get trained with my Step-By-Step instructions on How to buy apartment buildings without borrowing money from anyone and create a steady stream of monthly Passive Income each and every month for the Rest of your LIFE!
Anthony Minnuto
www.PassiveIncomeRealEstate.com
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