Are you unemployed? Need Money? This won't be a problem for you after using the information you are about to read.
You do not need money nor any special skills or training to become rich. All you need is persistence, time, and the information I am going to give you.
The answer lies in investing in real estate.
There are two ways to finance real estate without money.
1. Bank - Most people finance their properties through a bank and so can you but you will have to do things a little differently. Banks are no longer financing 100% of property so you will have to do things a little different than other people. There are two ways to finance through a bank.
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A. You get the bank to finance the standard 70-90% of the sales price with a first mortgage and then get the seller to finance the remaining balance of 30-10% using a second mortgage. When combining these two loans it will equal 100% of the price and no money from you. Some banks will not allow this so you must use plan b.
B. You get the property under a sales agreement for a lower than market price and have an appraisal done at the higher market value. You then take the higher appraisal to the bank and they will finance the appraisal amount at 70-90% which would give you 100% of the actual lower buying price.
2. Owner Financing - The fastest and easiest way to finance property is through the seller of the property. This is called owner financing and will allow you to get 100% of the sales price. The seller than acts as the bank and collects the monthly mortgage payments through you.
In conclusion, being unemployed makes it easier to become rich through real estate since you will have more time to devote to it.
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