How to Purchase Real Estate With No (or Low) Money!
One of the biggest struggles that many new investors have is in coming up with the money to purchase their first real estate properties. Well, BiggerPockets can help with that too. The Book on Investing in Real Estate with No (and Low) Money Down can give you the tools you need to get started in real estate, even if you don’t have tons of cash lying around.
I have discovered the only sure fire way to avoid a foreclosure.
If you do this, you will keep your house, never have to worry about another payment and—here’s the best part–have tons of money left over to play with—maybe take a trip or buy that new car or have that nose job you’ve been wanted all these years.
The secret is very simple really—-you MUST think big. I mean real BIG, just like the big three auto makers. (Hey, they don’t call them the “big” three for nothing you know!)
GM says it needs $4 billion this month to make it; Chrysler says it needs more like $7 billion. Heck, I say, just give them all the money in the treasury and we can stop talking about this mess.
But I am getting away from my main point here.
You must get up the nerve to just walk into your bank — or wherever you got your mortgage from — and demand billions of dollars while threatening to walk away from your home (screw that, threaten to burn it to the ground!) if you don’t get it.
No more of this small stuff — couple of hundred thousand my ass. You need to start asking for the big wads of money if you want to play in this new arena.
Now I know what you are saying . . . you’re saying, why would my bank just folk over billions of dollars to ME???
Again, real simple and another page from the auto makers’ playbook.
Go around your neighborhood. Get every family in or about to go into foreclosure to join-in—and then walk into your bank and demand billions and tell ’em, if they don’t give you the money, your entire town will default! That’s right, the whole damn town! Now you have crossed over into that prized territory within which you can command banks to do your bidding: You are now TOO BIG TO FAIL!
And, that is the key right there. You MUST become TOO BIG TO FAIL.
Once you do that, you will be amazed how easy it will be to get banks and other lending institutions to hand you money…in big,fat envelopes!!! With thank you notes inside.
Trust me on this folks. You think the car companies are stupid? No way. They just have learned that by coming together and making themselves TOO BIG TO FAIL, they have the entire US government by the short hairs. It works every time like a charm. It can work with your bank, too.
You just need to adopt it to your own situation.
So, let’s go through this step-by-step:
- Go house to house in your town or community and get every homeowner on the verge of foreclosure (which by now should be just about everyone) to agree to form an association.
- Armed with this, you and a few others from your town drop in at your fine banking institutions
- Look the bank executive right in the eye and simply say: We need $5 billion dollars to keep our homes.
- The bank executive will laugh at you for sure.
- This is when you surprise him with your secret weapon
- You don’t understand, you tell the bank executive, you MUST give us the money because, otherwise, every home in this town will go under.
- And here it comes…the big one….ready…..1, 2, 3…..
- We are just TOO BIG TO FAIL
Faster than you can say 6.5 percent interest, you will be holding a check in your hand worth billions of dollars. Pay your mortgage. Go on that cruise to Greece. Have that special dinner prepared by the Japanese chef who flies directly to your home from Japan and cooks just for you.
You deserve it. Your town deserves it.
YOU ARE TOO BIG TO FAIL, and don’t you ever forget it!
Photo Credit: Gastev