The Cycle
How to Find Investment Properties
Part of that cycle of steps to successful real estate investing is learning how to find investment properties.
Where to Find MoneyIn "The Cycle" the ways to find money for real estate investing range from the very worst ways to the very best ways.
Find Money Now
When you have to find money now, there are definitely some ways to pay cash and close fast.
How to Get Free Money
If you want to learn how to get free money, you have to develop your skills by jumping in a learning to swim.
What Questions Should be AskedThe most valuable thing you have in this business in time and you don't want to waste it, so you have to know what questions should be asked.
The Cycle Exchange
You will, with "The Cycle", exchange inefficient real estate investing methods with proven methods that work.
Find Money Now
"The Cycle" to Successful Real Estate Investing
To Find Money Now Use Credit Cards
You may find this hard to believe, but credit cards are a great way to get money. With credit cards you can get money instantly, and it may only cost a transfer fee of about $100. That’s why it is so important that when you get into the business that you get your credit rating built up to where you can apply for a lot of credit cards.
To Find Money Now Go With a HELOC
A HELOC is a home equity line of credit, so if you live in a nice home and you have a lot of equity you can borrow against that equity. You can do that at national banks – Chase, Bank of America, Wells Fargo. The big banks would love to give you home equity lines of credit; they are in business to do that. Home equity lines of credit are really easy to get, and have very low interest - very low cost.
With "The Cycle" you will learn how to create more ready cash using HELOC and LOCs. This is a skill.
Find Money Now From Buyers
Buyers are much better than many other money sources because there’s absolutely zero cost involved. If you do a $100,000 deal by tying up the property with an option and then sell it to a buyer, you never paid anything for it, and you just got your cash at closing.
To find buyers you can run ads in a large metropolitan newspaper, advertising a “handyman special”. It is investors who will call on those types of ads; investors and buyers being the same. When the investor calls in response to the ad, your reply – taught by Dennis – will determine if they are interested in future investing, and exactly how much money they can access when you need to find money now.
Private Money
Private money means that you have someone who has over a million dollars. You never want to borrow money from someone who has less because if the deal doesn’t work out, they don’t really have the money to lose. Of course, you are going to set up your deals so that your private money sources will not lose on the deal.
You find private money from people who have money in 401K or in an IRA, or maybe they have it in a bank and they’re making 1.5%. You are going to put the money to work and perhaps be able to pay them four times that. Finding private money is a skill that you need to develop to find money now.
"The Cycle" by Dennis J. Henson guides you through the step-by-step process, from the first thing to do to the very last thing to do. In these 12 steps you will learn:
- find prospects
- make contact
- find money/buyers
- screen
- appointment
- do offers
- make offers
- and five other steps to real estate investing success
If you want to succeed at real estate investing, this is a learning tool you cannot afford to pass up.
