Free Real Estate

Free Real Estate

It is kind of weird that there are so many no money down strategies with property, both to buy it for investment and trade it for a profit.

We are after all talking hundreds of thousands f not millions of dollars.  Yet the fact is it is probably easier to do stuff with property than buy a stereo or a car.

I often hear people say ” I could never afford a mortgage” or “I’ll never afford my own home”, yet they find money to buy lotto tickets and spend $300 on a concert ticket.

When I ask them if they’d be interested in some free real estate their eyes glaze over because their only concept of that is someone giving them a freehold property.  But the opportunities are endless

One recent deal even did my own head in because it was offered to me like this by a total stranger/vendor.  Ready??

They had a bundle of properties in an entity with funding in place and no left field liabilities.  They wanted me to “buy” the properties but they would leave the funding in place and I could take over the entity.

In addition they would write me a cheque for the depreciation already claimed and guarantee the rent for 2 years in case any tenants went weird over the sale.  Oh and the whole deal was cashflow positive.

So opening offer from VENDOR, no funding required, cash positive pretax and a cheque in the hand if I buy his property, how hard can it be .

Why do I get offered these deals?? Well because I believe there is free real estate lying around all over the place and it just finds me.  And the more I seek it the more I find it!!

Stay Inspired and Stay Safe ~ Dean

The ethical Investors Strategist.

PS Less than 2 weeks to go till the big day, do me a favour and get booked NOW so we can get everything ready for y’all