you don't need money to buy or sale real estate
you just have to know how to make deals
Black Real Estate agent gets FIRED for encouraging BLACKS to learn about R.Estate investing.
- Thread starter WheresWallace
- Start date
you don't need money to buy or sale real estate
you just have to know how to make deals
Field Marshall Bradley
Veteran
I don't know anyone that owns properties, are started out acquiring properties/land, that didn't have some bread already stacked......... If its possible to start out doing this while being broke, you need to live up to your screen name and teach
All that imploding shyt is joke
Detroit is a gold mine, anybody who owned properties in the hood 8 years ago, is a multi millionaire
houses that were 5,000 are now 60,000
there were house packages for 20,000 that had like 50 houses in them that were mostly burn outs, but it would be one house in the package with nothing wrong with it
ZoeGod
I’m from Brooklyn a place where stars are born.
Thing is Jay Morrison was a former drug dealer. It's not hard to think once he came out of prison he bout his last key,cut it up sold it,took the bread and bought a house. However there is plenty of tools to get into real estate FHA loans and etc.
PhonZhi
Veteran
Fukk Sotheby's.
Thats a clean breh too. Its always nice to see successful Black men in nice suits. So many athletes and other entertainers wear so much clown sh!t that only they consider dressed up. Meanwhile the rest of the planet laughs at them for looking like clowns.
ive actually been meaning to make a thread on this very subject
Jean Jacket
NOPE
So what with wrong with yours?
You go in with somebody?
I never do joint real estate investments.
Too many headaches.
dude comes off as a scammer
I don't know anyone that owns properties, are started out acquiring properties/land, that didn't have some bread already stacked......... If its possible to start out doing this while being broke, you need to live up to your screen name and teach
You have to understand real estate terminology
lucky for you, I good enough where I can explain it to you step by step.
Doesn't mean you are going to able to execute, because you can literally google how to buy a real estate property without money
Like I said, this why classes, books, and all that shyt don't work. Because at the end of the day you still need the pieces to execute.
I started at young age, so I knew people just by being around, and being involved in the streets, so pieces would come to that I can take advantage of
being on the outside, you can still do it, but you will have be like a detective to track down the components you need as well as a good sell man.
Basically you need a property first
In my case this was a commercial property I had gotten wind off from a realtor I knew who was looking for a buyer
This was an apartment building with the purchase price of 300,000, but was really worth 1.1 million, which I will have to go into in another post how to find values of such properties.
So the spread was 800 that's amount of money between the purchase price and the value
Which is a tremendous deal, ideal or an investor. A good property like that, it hasn't hard to find a buyer. A few phone calls, a few messages, wasn't long before somebody brought me a cash buyer, the end buyer I will call him.
I drew up two contracts, one contract with me as buyer at 300,000. The other contract was 500,000 where I have the price at a point where I'm getting cashed out, as well as the realtor who brought me the property, and the person who brought me the buyer I will pay out the proceeds.
Since this was a cash sale, I can execute both contracts at the closing table, which is called a simultaneous close. it can only be done with a cash buyer, because the bank will not send money if the seller on the purchase contract isn't on the title.
But with a cash sale I don't need to worry about chain of title, I can effectively buy the property and sell it at the same time, using the end buyer's cash and never doing anything but move papers around.
The city owned the property so its a lot of political shyt..
When your acquiring property it's different than selling it, which you have control of if you find your own buyer.
Yea I remember reading about the Chinese buying up Detroit. What are their plans for Detroit? Have you tried buying in Cleveland breh?
Blackout
just your usual nerdy brotha
Keeping it classy ehFukk Sotheby's.
Thats a clean breh too. Its always nice to see successful Black men in nice suits. So many athletes and other entertainers wear so much clown sh!t that only they consider dressed up. Meanwhile the rest of the planet laughs at them for looking like clowns.
Malik1time
What you looking at?
he most likely sold his last key to get money/credit/property and another thing he musta did wholesaling which I believe helped him get capital without spending too much
.I don't understand how people can think this a scam it's real estate...God damn
I do wholesale properties so I can get enough capital to purchase properties
He helped me build my credit I just followed what he said on youtube
I keep trying to tell bruhs real estate is where it's at, anything real estate related is usually the biggest type of purchases ppl will end up making in their lifetimes. In other words your can make large money quick cause you're usually dealing with large numbers.
Just bought my first duplex for cheap in May and i plan to scale up and retire off this shyt. My brother wants to get into flipping and when i get it i'll front him but what i explained to him one day is most black ppl are scared to get a mortgage and scared of what could go wrong as far as repairs. I told him most ppl stay in a rental a few years and might need something major repaired/replaced once a year on average. So for most of the time you own it it's basically printing money for you.
I need to learn more about other real estate investment strategies but the breh @Master Teacher is right, if you know what you're doing you don't even need your own money to get into it. Find some buyers/investors and flip with their money.
Just bought my first duplex for cheap in May and i plan to scale up and retire off this shyt. My brother wants to get into flipping and when i get it i'll front him but what i explained to him one day is most black ppl are scared to get a mortgage and scared of what could go wrong as far as repairs. I told him most ppl stay in a rental a few years and might need something major repaired/replaced once a year on average. So for most of the time you own it it's basically printing money for you.
I need to learn more about other real estate investment strategies but the breh @Master Teacher is right, if you know what you're doing you don't even need your own money to get into it. Find some buyers/investors and flip with their money.
Dude a real nikka.
I follow him on Insta.
I follow him on Insta.
