Purchased A Home For No Money Down – Make $2,250 In 2 Days
Here is a new Case Study Video from one of my mentor students. It is titled, “Purchased A Home For No Money Down – Make $2,250 In 2 Days”.
I believe the best way to learn the business of real estate investing is to hear how others have done it.
When these interviews were recorded, I asked Mike, the interviewer to ask questions that would help the viewer see how these folks got started.
I wanted to hear the struggles, the successes and a clear path and explanation of what they had to do to make these deals happen.
I did NOT want them to just be a bunch of people telling you how wonderful Joe Crump was. I wanted content, examples and real life experiences.
I hope we succeeded.
My 6 month mentor program:
A few Case Study Video Interviews with my Students:
“Purchased A Home For No Money Down – Make $2,250 In 2 Days”
Michael: Hi, Michael Steenhoven, from Topeka, Kansas. I heard about Joe’s program, actually, I was looking online for zero-down financing and came across the website that had zero-down investing. So, I decided to contact Joe, it’s been a couple of years ago now.
Michael: I had actually been going some investing before, so it was kind of in the pipeline. Probably got the first deal within a month or two. There’s been a lot of good deals. Most recent one, from a friend that had done a subject to and they said it worked out really well and that I ought to consider it and so they called me up and said they’d be interested in selling their rental property to me because they were tired of being a landlord.
Michael: I was able to purchase that property with no money down and they brought $1,500 then to closing to give to me, and in addition collected the first month’s rent of $750 the next day as well. So, most recently that was one of the better deals that I’ve done. But I’ve had others as well that have substantial equity in them and have been good deals.
Michael: I’m looking for properties that have at least $10,000 in equity and that’ll be paid off subject to a land contract where the tenant will actually pay for it. I’m actually putting those into my retirement portfolio so that I’ll have income coming in in addition to Social Security when I do retire. So it will work out well. Typically, over the long term, $60,000 plus on each property.
Michael: One advantage has been Joe’s program training. Another is specifically the financing and so on, and you’re able to offer an option to people, or options to people that work well for them as well. So if you can explain the options that are offered, whether it’s subject to, or whether it’s lease option, a land contract, and some of those other options, they work out well for people. Just explain to it and fill their need.
Michael: It is well on the way to being accomplished. When I do retire I’m looking to have probably around $600,000 a year coming in just out of those investments. And so that’s my immediate goal. Also, looking to increase cash flow here and now over the next few years. Kids and grandkids now are located only about seven miles from us, so we’re able to spend a lot more time with them. And a lot less stress rather than working for someone else.
Michael: I do this full time. I’ve been doing it full time for about five years now. And, like I said, about three years with Joe, and Joe’s program has made all the difference in the world. I had automated and gotten to the point where we decided to take off for about a year, and starting to reautomate. The way we’re generating leads is through the Automarketer, number one. Number two through a realtor friend of mine who sends out expired listings to me every single month and we send letters to those individuals.
Michael: Also been using some advertising, signs, and those kinds of things to generate leads. And a lot of recent purchases have come as a result of word of mouth as the business has been built up and have clientele that I’ve worked with.
Michael: I would certainly recommend that they sign up for Joe’s program and get the training and you don’t need money to invest. You can use zero down investing. If you follow through, if you attend the program, follow through, you will do deals.