The American economy has suffered a lot of damage these
last few years which has put home ownership out of reach for
far too many Americans. But things are seldom what they appear to be. There are several methods to make prices,
down payments and even interest rates less of an obstacle. As a successful real estate investor and trainer for over 50 years I know all of them. I even created some of them.
I purchased my first home in 1969 for $10,000, and that was when I began my lifetime career learning and using all the trade secrets of real estate investing. I have since purchased/sold/leased hundreds of properties, and I would have failed miserably unless I knew some pretty sweet methods of creating bargains so huge profits could be made. In 1989 I began training others to do the same, some of whom have even outdone me. And when I tell you I can teach you how to use those same secrets to purchase a home in ways that make it affordable, you can believe it.
My name is Bill Vaughn. In 1989 I literally wrote the book on real estate investing, "The Simple Man's Guide to Real Estate" and patented the software that creates agreements designed by and for investors and homebuyers. The program I developed with investor friends details 24 methods of buying real estate, not just the one or two traditional methods you probably already know about. And several of those methods do not require any cash or credit.
The most important goal in investing is making a profit, and to that end investors have come up with "tricks of the trade" to insure maximum profitability. I have even come up with a few of my own. Those same methods can be used to make buying a home more affordable in any market.
Here are some examples to give you an idea of how a little effort and creativity can get you into a home of your own. Please note that complete details on these methods are found in "The Simple Man's Guide to Real Estate".
* Get the down payment from the property. Many
properties have valuable assets such as timber, old barns, shrubbery etc.. Contact a local logging
company to see if they would be interested buying/harvesting the
timber. If they do, it is a simple matter to put the option for them to
harvest into escrow, and they put the funds into escrow. When closing on
the property, the logger gets the timber contract and you get the funds
to use as the down payment. In the case of an old barn on the
property you can make a similar arrangement for the barn - old barn
boards and timbers command a high price these days. And local nurseries or landscapers would likely buy any shrubbery.
* Barter or trade for the down payment. Trade that second car
you don't need, or the boat that is a drain on your wallet and hasn't seen the water for years in exchange for part or all of the down payment. If you are a builder, offer your services to the seller to build a
quality deck on his new home or do other work to increase the value of his new residence (or his rental properties). And don't
think you are restricted to bartering your services, either. If the
seller doesn't want a deck but he needs braces for his daughter, perhaps
a local dentist needs a deck that he will trade for dental work. You
build the dentist's deck, and give the dental services you earn to the
seller in exchange for that amount of the down payment. There is no end to what can be bartered.
* Sweat Equity.
If you have some some useful building skills, locate a property that
needs a fair amount of work (avoid structural issues) and arrange with
the seller that you will supply "X" dollars in labor to fix up the place
in exchange for the same amount applied to the down payment. He cannot
lose - if you default he ends up with a more valuable property, and if
all goes well, he has a built-in buyer.
* Equity share the property.
I provide details on this powerful strategy in this blog post:
https://success-by-design.blogspot.com/2021/08/can-you-buy-real-estate-without-cash-or.html. It is a bit more complex, but it does eliminate the need for a down payment and even helps qualify for a mortgage that might otherwise be impossible due to credit issues.
And these are just a few of the 24 methods taught in "The Simple Man's Guide to Real Estate". Anyone seeking to buy a home in the current climate should take a serious look at what our program offers. And unlike the exhorbitant cost of Than Merrill's "Fortune Builders" ($30k) full program or the program offered by Armando Montelongo ($30k) our program comes complete for just $49, because we operate as a not-for-profit. We make our livings as investors, not hawking programs on infomercials.
You owe it to yourself to look it over. And even if you do not take advantage of this, please pass this along to any family, friends or associates you feel could use it. They will thank you for it
Regards
Bill
