How to Buy Your First Rental Property with No Money - YouTube

How to buy your first rental property with no money? Are you wanting to buy

property? Wanting to get rental properties but you don't have a lot of

spare cash laying around? Well, I was in the same boat but I got it done. I have

lots of rental properties now. I love it and I'm going to show you exactly how to do

it so that you can start making money too. Lets go.

I'm going to share with you my dirty little secrets to start getting rental

properties now with no money. And I want to tell you exactly where you should be

looking to buy your first rental property so that you don't buy the wrong

one. Noelle here. I am a real estate investor. I have tons of real estate

properties now. In fact, I even teach it and I have students that have lots of

properties. So, I am a big fan of rentals as you can see from this video and the

excitement that I have when I'm talking about this. And I'm going to tell you why.

Because it is so important for you to know exactly why you should be getting

into this and know some of the traps that people have. So, when I started

investing in real estate, I started in like 2002, 2003. I was in Atlanta. I was

flipping houses while working a job. So, I never educated myself, I did not know

what I was doing. So, when 2009 happened in the crash happened, I lost everything.

I ended up back in my parents basement with my husband and my kids. It was a

mess. But I educated myself and I was able to climb out of that hole. And

eventually I started getting rental properties. And eventually, I quit my job

with just my rental properties. So again, this is something that you can do. It is

not hard to do even if you were a total loser like I was in this. You can rebound.

So, we got to start though with your first rental property and you got to

think about why you want a rental property. So, one of the things that I use

rental properties for was cash flow income. So, each month while the tenant is

paying the rent, they were paying down my mortgage. Additionally, I was making sure

to get properties in the right place, okay? Because I got a coach and he told

me about finding properties in a good place and i'ma tell you exactly how to

do that. So, that the values were going up. So, then one of the things that I was

able to do throughout my time will sell those properties with the tenants in it

and I was able to pick up on some really big paydays. I'm talking 40, 50, 100

thousand dollars at a time. Just by having someone pay the mortgage for

a couple of years and then selling the property and walking away with a bigger

check and then I had came in with. And so, it's amazing thing with rental

properties not just the the revenue that you can get but also

those lump sums of cash when you go to sell your properties. Which I totally

recommend that you do. Additionally, you can gift those properties to your

children, to family members. You can leverage them, you can borrow money

against them. It really opens up a ton of doors for you when you have rental

properties. So, if you are thinking about getting a rental property, get clear on

what it is that you want. Know that you want that monthly income coming in. Yes,

but know that even more importantly you want to be able to sell those bad boys

and start getting 6-figure checks. So, let's get into that part. So, when we are

talking about rental properties and getting your first rental property with

no money down, I did it and you can do it too. You have to leverage other people's

money. I know you guys have heard this term before. If you haven't, it's a big

acronym in the real estate investing world. It is

O-P-M, other people's money. Now, does that mean like your mom and dad's money or

you got to come from a wealthy family, things like that? No. That's not what I

mean at all. Banks have money to lend. Hard money

lenders have money to lend. There's private money. The person that you are

buying the home for in many cases can lend you money or give you equity. So,

many different things. But you need to understand the process because you don't

want to get over leveraged, okay? You don't want to mortgage all of the value

and the equity away on the property. You want to have some equity so that when

you sell the property, like I said, you do get those lump sums of cash. So, let's

kind of talk about other people's money. So, we're talking about getting a rental

property, in most cases, I'm talking about using either a hard money loan and

that's where you find a property that needs some repairs. It may need to be

fixed up a little bit and you put in some effort and you fix that property up

or you hire crew to fix it up. And then you refinance out of that mortgage once

the house is fixed up. And you put a tenant in it, okay? This is a very popular

concept in real estate investing called BRRR, okay? And that stands for Buy, Rehab,

Rent, Refinance, Repeat. So, essentially, what you do you buy the property and

needs pairs. You rehab it, you fix it up. You

rent it put a tenant in it. Then you refinance that mortgage, okay? Becuase now

that you have a tenant in there and they're paying the mortgage. That is

income and the lenders the banks they will give you credit for the rent that

that person is paying, okay? That future revenue that you're going to get. And so

it makes it easier to get qualify for a loan. Again, I have a whole video on it. I

won't bore you on it. But then the last R of course is Repeat. That is how we build

our portfolios we get tons and tons of properties doing it this way. And it is

amazing thing to do. So, we're talking about how to find these properties, you

have to find people with property problems. It's the best way to do it. As I

mentioned, with the BRRR strategy, again, just one of the strategies that you can

use to start getting properties with no money is finding people that are in a

financial distressful situation or the property is in distress and it needs

some repairs. But if you fix the property up, it would be worth more.

There's tons of lenders called hard money lenders and there's some private

lenders that will literally lend you money to buy the property, fix the

property up and even give you some money so that you can make sure that you have

some reserves, okay? In case something goes wrong. They can lend you all of that

money, alright? And we've done it many times you've heard you've seen these

shows on HGTV where people are fixing and flipping properties and things like

that. You can do the same thing but you don't have to flip the property. You can

keep the property and put a tenant in it. And it all fits into this one big

strategy of finding people that have a property problem. Either their property

is in distress and needs repairs and they don't have the money to fix it. And

you can come in and be that person that does that. Or they have a financial

situation where they are behind on the mortgage payments or they're getting

divorced or bankrupt or they need to move out of the property something like

that. And you're able to acquire that property for just the money that they're

behind on their payments and things like that. So, that's what you want to do. The

key, if you don't want to spend a lot of money, you don't have a lot of cash

laying around, you want to do this with no money is: You've got to start finding

people that will lend you all of the money,

okay? Start going to real estate investor Association meetings. Start reaching out

and finding hard money lenders. Start connecting with people that want to do

real estate, private money. And then finding those money and then finding

people with property problems. So, when you put those 2 things together,

getting the money together, other people's money and then finding people

with property problems. And you marry those 2 things together, that is how

you start to get properties with no money of your own, okay? No money. When we

say no money, we're talking about your money, you don't have to put any money

into it. And there's amazing ways to do that if you marry those two concepts

that I just gave you. Alright, I'm giving you one more tip so that it all

fits together for you. When we find these people with property problems, the bonus

to this is many of them can sell you the property subject-to. Meaning the mortgage

that they have will stay in place. Or they're in a situation where they need

to sell the property and they are willing to lease purchase that property

to you, okay? Where you don't actually have to buy the property. You can

actually lease the property, they move out of it then you start making money on

that property by putting a tenant in that property or furnishing the property

like my friend has done and like we do with lots of properties and we put them

on Airbnb. That is what you want to do, okay? So, start thinking about finding

people with those property problems and educate yourself on subject 2 and on how

to do lease purchases, okay? Again, I have total complete videos for you. If you

need a little bit more detail, but the gist of it is you can buy the property

and leave that existing financing in place and then you take over those

mortgage payments, okay? And then you find a tenant and they make the payment the

loan never came in your name or anything like that. So, that's no money down. Or you

can actually lease the purchase from that person that's in financial distress.

Again, they move out take the property over put a tenant in it and do what you

need to do with the property and start making money. And so, I have tons of

students doing this and this is how they are getting their rental properties

right now. I literally just had a student that found a property that was in

probate and they had no mortgage on the property at all, okay? So, they owned it

free and clear. The guy had inherited the property from his mom. And now my

student now has their very first rental property and they didn't have to come

out of pocket with any money. So, this is possible. Just educate yourself, keep

watching these videos and I'm going to keep giving you more information. As a

just super, super bonus tip, I have to give you this one because I would just be

remiss if I didn't tell you. Another way to buy rental properties and get your

first rental property... Again, you can find seek out private money, hard money. But a

new way, super, super new that almost anyone can do is you can do a real

estate crowdfund, okay? In fact, I actually just got into

this. I used to partner in JV with lots of my students. JV stands for joint

venture. And we would get properties together and we would have to sign an

agreement on every single deal that we did. But with a crowd fund, you literally

can go to different websites like Trucrowd and Kickstarter. In fact, I have one

here NUUREZ. You can go to Trucrowd.com. It's a platform for crowdfunding.

We literally have on for our real estate investments

where people can put in as low as $500. And we're buying properties

all over the country and splitting their revenue and the profits

with the investors. You can do this exact same thing if you want to. The opportunity is there for you.

I did it in just a matter of months. And we have over a hundred...

We actually we have probably nearly 200,000 in that fund

and we are rocking and rolling and you can do the same thing.

Either you can create your own or you can go to that trucrowd website that I said.

And you can invest in ours and start getting quarterly distributions. Again, the door

is wide open for you to not spend a lot of money. In fact, and if you get your own

crowd fund, you don't have to spend any money. Other people's money, they'll give

you and then you start buying properties and then you split the profits with them.

Super easy. Win-win situation. If you want to learn a

little bit more about how to get rental properties with no money down,

spending very little money, I invite you to come to our webinar. We literally

have our own crowdfund as I mentioned before. And I would want other people to

do the same thing. You don't have to invest in ours but I would like you to

come and just check it out. And then if you want your own or if you do

want to invest, the door is wide open for you. So, go to NUUREZ, that's N-U-U-R-E-Z, ".com".

NUREEZ.com. And go ahead and click on the invest and come to one of our FREE

informational webinars. They're live calls that we do every single week.

Me and my business partners talking about the business, what we're doing

with properties, how we're splitting the profits with regular people.

And again, how you can get involved and do the exact same thing.

This is Noelle. To your success.