Can You Mentor Me And Show Me How To Invest With No Money Down?
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Can You Mentor Me and Shoe Me How to Invest With No Money Down?
Joe: Hey, it’s Joe Crump. Another question. “How do I get started with no money down on my, with no money down of my own? I watched your video and how your students have done this kind of work and I didn’t realize that their bank account, and they didn’t realize that their bank account was growing. I want to have this freedom. I’m tired of this 8 to 5 from my job. I’d like to start your program and could use some mentoring as a real estate investor. David.”
Joe: Well, I’d be happy to talk to you about the mentor program. Just give me a call. Go to the websites to check it out before you come. Zerodowninvesting.com and JoeCrump.com/partner. Both of those are about the mentor program, and then of course most of my mentor students also use the Automarketer, pushbuttonAutomarketer.com. If you have the resources to do it and you still want to do it, give me a call and I’ll be happy to go over some things with you. I like to make sure that you know, that you understand how the program works and that you’re, that we’re a good fit, you know, together, that we, that we can get along and that you know, that I can teach you. So there are a few things I like to go over to make sure that that’s the case.
Joe: As far as getting started doing no money down deals, you don’t need me to do that. It’s easier if you have me, because I can keep you focused and I can show you what to do first and what to do second. But I’ve got some good materials out there that, you know, for $3.00 on Amazon get “Automated Real Estate Investing.” Get that book and it’ll teach you the same technique that I’m teaching my mentor students. If you’re using the Automarketer, use the audios that I have in there that’ll teach you the process of the for rent method. Start with the for rent method. Because essentially all it is, is you’re getting someone to say yes, I’ll do a lease option, lease with an option to buy, and give you the right to buy it with a lease with an option to buy and the right to assign your right to someone else for a fee, for a lease option fee.
Joe: And so you go out there, you find somebody else, you raise the price, they give you a down payment for the property, you get the down payment, they also give you the first month rent. You give that to the seller. You’re in and out of the deal, you’re done. You made a chunk of cash, maybe five grand on average, and the seller has a buyer for their property at full price without paying any fees because all the fees are paid by the seller, or buy the buyer, to me. I don’t charge the seller anything. So it makes it easy for them to do it. It’s no money out of my pocket. I have no risk. I have no credit on the line. It’s a very simple deal. The worst thing that can happen is I get embarrassed that I don’t get it sold. And I only don’t get it sold because I didn’t set up the deal right in the first place.
Joe: Maybe somebody told me, well, I don’t want a sign in the yard and I didn’t know how to deal with that. You learn how to deal with that. Or they say, well, I want, you know, $1,200 for the monthly payment even though market rent is only $1,000. Well, it’s not going to sell that way. And I didn’t explain it to them properly if I’m the investor. If I explain it to them properly, and get them on board, then I can get it sold, because I can’t sell it for $1,200 but I can sell it for $1,000, because that’s where the market rent is. Market rent or below and it’ll get sold. So, those are the two main things that will determine whether or not I can sell their property. And I know what the seller is trying to do because I’ve been listening to them, I’ve been talking to them and I’ve been making that happen. So it’s not hard to do these zero down deals.
Joe: There’s also a zero down structure hierarchy that I’ve created that includes subject to, multi mortgage, land contract or contract for deed, lease options and assignable cash deals or wholesaling. Those, that is the structures that encompasses just about every technique out there for zero down strategies. So you don’t ever have to deal with a bank. You don’t ever have to deal with credit. Nobody ever checks your credit. Nobody every checks your income when you do these types of deals. It just doesn’t matter. You don’t have to be embarrassed if you have bad credit. When I started doing this I did it because I had bad credit. I did it because in 1991 when everything crashed for me it took me into a bankruptcy which trashed my credit for a decade. And I had to figure out another way to do this.
Joe: So within six months or a year, I was up to doing zero down deals again. Because I started to understand how can I do this without talking to a bank? Because before then, when I built my first business, it was all about leverage. It was all about banks. It was all about loans. It was all about a little bit of money down, how little money down could I do, rather than no money down. So, the return on my investment, when I do no money down, is infinite. It’s a beautiful thing.
Joe: And when you talk to the average person out there they don’t even believe it’s possible. But after I’ve done, you know, I’ve done hundreds of them myself, I’ve got students that we’ve done thousands of them, you know, it’s, to me, it’s just a mundane this is how we do it, here’s how we get going and then when it finally happens for somebody for the first time I just see their, they just light up and say, “I didn’t believe it. I couldn’t believe it was possible. Just amazing. Just amazing. I’m so excited.” And it’s a lot of fun. I really enjoy seeing that. And I enjoy seeing people go through this understanding and this process.
Joe: And I think that’s why I want to be a mentor. That’s why I still want to teach this stuff. And this is the last video in this series, so I thought I would just throw out my little pitch about the mentor program. It’s not right for everybody and it’s expensive. It’s like going to college for a semester, you know, it’s not like going to you know, to be a brain surgeon. You don’t have to go for ten years. And you know, when you’re done with it, you can make as much as a brain surgeon without having to go to that extent. I have a lot of students who are making more money than brain surgeons without that level of education. So it doesn’t take long to get to the point where you want to go but it does take a chunk of money up front. It does take a commitment. You do have to commit your time to it.
Joe: You know, I tell everybody when they get into my program, when you talk to me, the things I’m going to say to you and you know, I’ll say it to you, everybody I talk to I say it, I say the same thing. Because I think it’s important for you to hear it from directly that this is not a get right quick scheme. This is a business building program and if you treat it like a business I guarantee you’ll make money. If you don’t do that work, if you don’t follow through, I also guarantee you won’t make a dime. I also ask you to allow yourself the time to succeed. Give yourself three or four months before you can expect to make any money at all.
Joe: I’ve got people that make money in a week, two weeks. But they’re the exception – not the rule. You know, it is possible to go out there and make money right away. But most of the time it takes skill and what I find is that people think it’s going to take a week, then they get discouraged and they give up before they’ve actually learned how to do it and they can’t do it if they don’t learn how to do it, unless they just get lucky. I also, so give yourself three or four months before you can expect to make money.
Joe: Also, I ask everyone that gets into my program that they commit eight to ten hours per week focused on the things that I teach, doing the exact stuff that I teach. I’m going to give you a ton of information and it’s going to be like drinking from a fire hose. There’s so much stuff and it can get overwhelming. But, all you have to do is if you only have eight to ten hours a week, is to focus in on just one or two techniques. Do this, and I’m going to tell you here’s what you have to do, this, this and this. That’s all you have to do this week. I don’t want you to, just put all this other stuff that I’m giving you aside. You don’t have to know this stuff in order to make money.
Joe: I want you to know this stuff because that’s what a Master’s education in real estate’s all about. I want you to have these details. But it’s not necessary to make money. It’s not necessary to do this stuff ethically and to build a business. You’ll do that stuff gradually over time. So give yours – you know, so, go through this process and do it that way.
Joe: So that’s really all that I tell everybody before they get in. The only other thing I say is that there’s no whiners or complainers allowed in my program. You know, bring a positive attitude. That negative energy is no good for me. It doesn’t help my quality of life at all. I’m doing this because I enjoy it and I have a good quality of life and everybody else that is in this program, they promise me that they’re going to being positive energy as well. That doesn’t mean that you have to be Pollyanna. I don’t expect you to be, you know, sunshine and you know, everything all the time. I expect you to have questions. I expect you to have challenges in this process. That’s what we’re here to solve. We get paid for solving problems. We get paid for helping other people. The more people we help the more money we make. Bring an ethical, honorable attitude to this program.
Joe: You know, go to, go into this not trying to screw some old lady out of her inheritance for her kids, or her equity, but going in there to try to help solve a problem. The seller that can’t sell his property. The buyer that can’t buy a property, you know, that wants a property for his home. You know, that’s the difference between, you know, hammering somebody on their price and trying to get a deal that makes sense for everybody so we can all profit from the deal. Because we can. And you can structure deals that make sense like that.
Joe: All right, I’m getting on my soap box a little bit so I’ll get off of that, but I invite you to, if you’re interested and you have the resources to get in the mentor program, then join us, you know, give me a call. My phone number’s probably on this page that, this video that you’re looking at. Also, you know, look at the other things that I’ve got. If you don’t have any money, don’t give up. You don’t have to have to go through the mentor program to make money. I’ve had so many people that have been successful just by reading my book or just by using the information that we have on the blog.
Joe: The blog has a ton of stuff. There’s almost five hundred videos on this blog and most of it’s information on how to do things, how to put things together. Yes, it’s going to take longer for you to do it this way, for you to index it, to try to figure out what works and what doesn’t. You’re still going to have to go through some hard knocks if you don’t have my help. But if you can afford it, and you get my help, I can focus you in on what’s important and I can help you and I can answer your questions which is how I work with everybody.
Joe: The times that we’ll be talking, by the way, on this program, is on our conference calls. We do them every two weeks. And I answer all the questions. And that’s the time that I talk with my mentor students. That, and during the buying events where we get to actually meet. We also, I take emails from everyone. So you can send me, from everyone that’s in the mentor program. You can send me emails and I’m pretty good at 90% of the time getting back with twenty-four business hours. So, I don’t work on weekends, typically, I don’t work on holidays, but I will respond usually in a timely manner unless I tell you I’m going to be out of town during a particular time because I do have some other things in my life that I’m working on as well. They’re businesses and I’m making a movie, doing some other fun stuff. Go check out 20questionsfilem.com. It’s our new film blog site if you’re interested in movie making.
Joe: But anyway, get involved in the program if you’re interested and I’d love to work with you and help you build a business and maybe fulfill a dream that you’ve probably had for a very long time. All right – hope that helps – good luck – take care.