How To Get Started In Profitable Low Hassle Real Estate

[Ken M.]

From when I first started out, I’ve always done Creative Finance. Instead of putting 20% down, I took over the seller’s mortgage and started making the payments for them. So, on a $300,000 house instead of putting $60,000 down (20%) I usually put $5,000 to $10,000 into the deal. I’ve helped people from CA, WA, TX, AL, GA, OH, IN & IL do this very thing.

Let's say the house is valued at $300,000 and they owe $250,000. I take over the $250,000 mortgage Subject To and give them some $$ for their equity and they move.

Then I clean it up, No Rehab, and sell it on Lease Option. So, generally I get 10% down or $30,000 in this case, in my pocket, to keep, in a matter of weeks. And I get cash flow from the Lease Optionee. The Optionee takes care of all repaires and I don't need a property manager. These are done in regular neighborhoods, not low income, problem neighborhoods

I look for a property that is "off market" not on the MLS. I then find a buyer who qualifies under Dodd-Frank underwriting, and sell to them on Lease Option for a bit more than the property is worth since they don't have to go through bank financing.

Not only is it extremely profitable, it's a lot of fun putting these together.

You should consider doing it as well. DM me for more details