How To Buy A House With No Money Or Job - YouTube

How to buy a house with no money or  job? I know, I know. Noelle sounds crazy  

telling you that you can buy a house with no  money or a job. And that is absolutely true.  

I've done it. Other students have done it and I'm  going to tell you how you can do it too. Let's go.

I'm going to share with you a detailed  step-by-step process on how you can buy a home  

with no money or job legally and ethically.  I'm going to share with you the biggest trap to  

avoid so that you don't get messed up while you're  trying to do this. And I'm going to share with you  

a sneaky little way to end up with a nice  house with no money or job. There are so  

many benefits to owning a home and you want to  become a homeowner. I own dozens of properties  

and I absolutely love it. It's changed my  life and is the business that I enjoy doing.  

I'm literally inside of one of my Airbnbs right  now in Florida and I love doing this. But it all  

started with buying properties. I started  from my parents' basement and now I am a  

wealthy millionaire. I have lots of properties.  I have a great net worth. I'm able to pass these  

properties down to my kids or my grandkids.  And I've been able to leverage my properties  

to buy more properties and get income and cash  flow in the process. I could go on and on about  

all of the benefits of owning real estate but  there are just too numerous. Real estate is  

still the number one way to wealth. 89% of all  millionaires have been created so through real  

estate and that was true 100 years ago and it's  still true today. So, you are definitely on the  

right track getting into real estate. So, let's  talk about how you do it with no money or job.  

So, the secret sauce to getting all of this done  is a concept in real estate we call subject to.  

Subject to has been life-changing for me and  it was one of the things that has catapulted  

my net worth. When I found out that I could buy  properties for pennies on the dollars, I was able  

to get more houses than I could even keep. It has  been the funnest thing in the world and this is  

how you can get it done. So, let me tell you.  "Subject to" is a concept where you are buying  

a property from someone and you are leaving the  mortgage in place. Essentially, you buy the home  

"subject to" the existing financing staying in  place. Meaning, I am buying this home subject to,  

again, with the condition of you leaving the  current mortgage in place. Now, you usually have  

to take over those payments and you and the seller  can write up a different agreement. But the deed  

and the title and all of that is in your name.  I've closed on property subject to and it has been  

life-changing for me. In fact, I was able to even  get properties for just a few thousand dollars and  

I'm going to explain to you how you do that. Just  wanted to make sure you understood the concept.  

So, like I said, buying a home subject to is very  simple. It's just like buying a home but you leave  

the current mortgage in place. So, let me tell  you about the traditional home buying process.  

When you usually buy a home, you usually have  to get financing. Meaning, you have to get your  

own mortgage. You have to get qualified from  a mortgage lender. You have to show them your  

income, your assets, your employment, your credit.  And they have to qualify that you can pay for  

that mortgage. And many of you guys already know  getting qualified for a mortgage can be daunting.  

And in some cases, most people get declined. It  really does depend on your situation. But if you  

have a situation where you don't have a job and  you don't have very much money, most likely you're  

not going to be able to buy a home the traditional  way unless you can buy it cash. Which is not  

really a smart idea. Just being honest with you.  But anyway, the traditional home buying process is  

very daunting. So, if you have a situation where  you don't have stellar credit or you don't have  

income that's stable and continuing, you're  probably not going to get approved. However,  

if you do subject to you don't have to worry about  that. So, let me give you all of the details now  

that you understand what subject to is and why  you don't want to go through the traditional  

home buying process. So now, that you understand  subject to, I know you're probably thinking,  

"Noelle, why would anyone sell me their house and  leave the mortgage in place? That sounds super  

risky for them. That sounds like they wouldn't  do it. Those are some of the comments that I get.  

But let me give you the answer because it's a  very simple one. You need to find someone that  

is having financial distress. Financial distress  opens people's minds just being honest with you.  

If someone is past due on their mortgage or they  lost their job and so they lost their income and  

they're not going to be able to pay for that home,  that creates a situation where they're going to be  

looking for a solution. Most people do not want to  go through the foreclosure process. Most people do  

not want to try to sell a home that needs repairs  and then fix the house up and then try to sell it.  

Most people do not want to do this. So, if they're  having a situation where they are in some type  

of financial distress such as foreclosure, job  relocation, divorce, bankruptcy, someone got sick.  

You know, I can go on and on about all of the ways  that I've done subject to's. But the bottom line  

is you need to market to people that are having  an issue with their mortgage. These are the people  

that are going to be very open to you taking over  that mortgage payment for them. Especially if you  

can write a contract like Noelle does where you  specify how long you will have that mortgage in  

their name and you have a situation where you  know you are fixing your credit or you know you  

have the money later or you even could refinance  it now. But you want to start making money on it.  

This is the perfect opportunity for subject to.  There's millions of mortgages currently in default  

right now in the United States. This is the  perfect opportunity to start marketing to those  

people and get a property subject to where they're  not going to require you to have money or a job.  

Well, they may need you to have some money  to catch those mortgage payments up. So,  

let me tell you how you get the money because  I've already told you, you don't need a job.  

You're not assuming the mortgage, you're not  going to call the mortgage company you're buying  

the home subject to. So, the fact that you don't  have a job is not a big deal. But you're going to  

need a little money if their payments are past  due. So, let me tell you how to get the money.  

So, in a situation with subject-to, when you are  not involving a bank, you can borrow the money.  

Essentially, you could have a line of credit,  you could have a credit card. You could have  

your friend, your mom, your dad, whoever give you  the money in order to buy that home so long. As  

you're able to take over those payments and move  into that home or turn it into a rental property,  

you will be okay. You don't want to put the person  that is currently in a financial situation in  

a worse financial situation. You need to be  someone that can take over that mortgage or  

be connected to someone that's going to take  over that property and that can handle that  

mortgage. Again, very easy to find. It depends  on what you want to do. But if you need the money  

for to catch the mortgage payments up for example,  giving you an example of someone that's 3 months  

behind on their payment. This is a super easy  way to start getting property subject to.  

Targeting people that are behind on their  mortgage payment you send out some letters  

or you put out signs that say "Behind  on your mortgage payments? We can help."  

They will call you and then you're going to  need the money to catch that mortgage payment up  

and to be able to continue on the mortgage. That's  really all you need. So, if they're just behind  

3-4 months and you just need 5 or 6 thousand  dollars, I've been able to get properties just for  

that amount and you can too. So, I have created  an entire book teaching you all of this and I am  

going to give it to you absolutely free. I have  a book called real estate millionaire secrets.  

I have poured my heart into this book teaching you  everything that I did to take me from my parents  

basement to a multi-millionaire in real estate.  I found ways to buy houses with almost no money.  

Ways that I'm teaching you and i have a whole  book where I break it down and I even give you  

some checklists and worksheets and things like  that so you can implement it. And the best part,  

it's absolutely free. Visit Noelle's free book.  That's Noelle (N-o-e-l-l-e-s), noellesfreebook.com  

and check it out. I want to make sure that you  have all of the resources, all of the knowledge  

and all of the tools that you need to be  successful. This is Noelle. To your success.