2006-10-04 09:00:34 · 1 answers · asked by Melvin 1 in Business & Finance ➔ Renting & Real Estate
Need cash? Just BE an investor! How? Especially with no cash, no credit? Easy. Go to the bookstore. Thumb thru the book called: "Investing in Real Estate with Lease Options and Subject To Deals", by Wendy Patton. Read the INTRODUCTION. The first words begin... " 14 year old John, with his father, attended a seminar that I spoke in Houston."
Long story short: You're gonna call on HOMES FOR RENT out the newspaper. Ask the Landlord if they will take a RENT WITH OPTION TO BUY. If they will... you're gonna either do a contract (in the book) for YOU to lease it, then YOU find a tenant who's gonna live in it and pay you money. OR you're gonna tell some other investor about the home, and get paid for finding it (a different contract.)
That 14 year old kid made like $5000.00 after a few calls in the newspaper. Read the story. Read the book. Good Luck.
2006-10-04 09:30:49 · answer #1 · answered by kevc21 3 · 0⤊ 0⤋