tenants

Most profitable investors are doing two key things that others are not doing right now. The first skill is being able to provide seller-financed mortgages to buyers and obtain seller-financed mortgages from sellers as a buyer. Just because banks don’t want to give mortgages doesn’t mean sellers can’t and won’t.

The second skill is learning how to find or create available product to sell that would have a mortgage payment equal to or lower than rent through property use change. Imagine how easy it would be to sell your investments for profits if the buyers could get mortgage payments lower than their current rents. This technique and ability is extremely profitable. I will be teaching these skills at an upcoming Seller Finance camp in sunny San Diego.

I have a student from a large metropolitan area that is working with my “Equity Builder” program with tenants. In his tenant search, he just found a nurse that makes $86k per year, has very little personal debt and a fico score of 796. She is paying $2,200 per month in rents. My investor has several investments he can sell her for a profit of over $30,000 and estimates that there are another 1,000 properties in the area that would yield a fixed mortgage payment lower than her current rent. The best part is that he just started this tenant procurement program and he has had amazing results.

The nurse had no idea that she could purchase a property with all the negative press the market and mortgage industries are getting right now. The sad thing is that a lot of good people aren’t buying because of all of the negativity when they should be buying. Amazing investors are using programs and advertising to locate these types of tenants. There are a ton of them.

As prices fall, more investorse will profit by helping people that don’t know their own financial abilities to follow the American Dream and own a home.

Learn more about this system with my free ebook and video.

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I just got word from one of my students that they have made another incredible profit in a “bad” market. This student from Southern California , Ryan Rude and his team, used a program I teach call the “Equity Builder” Program to find some great tenants to put in houses they are working on. This program specializes in turning tenants into buyers.

Ryan used this program to locate some tenants that could qualify for a home right now and didn’t know it. The sale helped a Grandmother, Mother and Granddaughter to purchase a home after many years of renting. Ryan simply located a house that would have a lower monthly payment than these ladies were already paying for rent and sold it to them.

Ryan and his team located a distressed 3 bedroom 2 bath home they bought for $167,000. They put $30,000 in the rehab and then sold the property to these women for $290,000. Their mortgage payment on a fixed 30-year mortgage was lower by over $100 per month than their rent! They were so grateful and excited.

One difficulty they had in obtaining the mortgage was the debt service caused by about $12,000 in personal debt. Ryan had enough profit in the deal to pay for his work, pay his investors, pay off these ladies’ $12,000 in personal debt so that they qualifed and still made $55,000! From the time Ryan closed on the purchase of his investment to the time he sold it was a total of 90 short days. $55,000 in 90 days!

Ryan has learned some valuable lessons about investing in today’s market. The first one is housing that offers lower fixed mortgage payments than rents always sells in any market. The second lesson is that there are a lot of way to help people get mortgages that others aren’t aware of. One of my favorites is seller financing.

Anyone that thinks that this is a bad market just has a bad attitude! Keep up the good work team. You can do it!

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