How To Fill Out An Offer To Purchase Real Estate: Fill & Download for Free

I have invested in real estate with no out of pocket expense several ways and numerous times.I took over the payments on mortgages with no money down. I have done that on a $42,000 property, a $180,000 property, a $650,000 property, and a $3,000,000 property... and probably some other properties too.I was approached by an investor that did not really know how to maximize his return on his investment, but he knew that I could help him. I was offered 50% ownership in a property if I would help him find something profitable to invest in. I found a small shopping center. I formed an LLC for us. I control the bank account, the bills, and the LLC. I put zero down, he paid for the LLC and the property completely, and I own half. It makes him about 10% annually... and I make the same.I started working on an opportunity six weeks ago. I put a deal together this week to purchase a mortgage from a bank on a property. I offered investors 7% APR, and after three weeks the opportunities to invest filled up. As of two nights ago the deal is fully funded. I did pay to start an LLC, but I put zero down on the property. I control the property and have over $7,000,000 in equity on that deal for myself.I am not sharing this information to boast, but rather to enlighten you and let you know that YES, it is absolutely possible to purchase real estate with no money. It can take a lot of effort, a lot of negotiating, an understanding of the local real estate market, an awareness of circumstances, a willingness to take calculated risk, and a little good fortune to find the right opportunities.I do not know global real estate, but in North America it is possible run across opportunities like these. I would imagine that it is possible to an extent in other countries as well.Start by networking. Let potential sellers know that you are interested in their properties. Help them visualize a way that they can retire and still have a guaranteed monthly income by owner financing the mortgage on their properties.

Just like tendered in my college project before graduating and if you curious of my filed, i just concluded my MBA in Real Estate and Infrastructure, and i always put it out there that real estate is the best.The main reason is that no matter the form you purchase it in or structure, the graph depiction will always be that of a supply curve cause value of land and property will always have a positive relationship with the time and the duration of the asset in place, so real estate as whole or scope, any of the perspectives you will feel more comfortable viewing it from embodies what we can bodies of strategies.In our capitalist culture, real estate is one of the best means of producing money. It is a finite resource that would be in demand at all times. The house that I grew up in when I was a baby? 30 years later, it is still there. Even after Google and Facebook and maybe even the internet itself would be drastically different or even non-existent, it's still all going to be there 100 years from now. Real estate is relatively permanent and the opportunities to invest in real estate can not be neglected because of this. I will briefly highlight steps involved in carefully getting one.Identify your Financial StageChoose a Specific Real Estate Investing StrategyPick a Target StructureCreate a Plan to Find DealsSchedule Your Time & Prioritize Next ActionsIDENTIFY YOUR FINANCIAL STAGEInvesting in real estate is essentially a tool for growing the investments. So, before we get into the real estate specifics, let's think about the financial picture in general.Eventually, most new entrants seek to gain financial freedom. You can think of this as the mountain top, where the living costs are all paid by investment earnings.CHOOSE A SPECIFIC REAL ESTATE INVESTING STRATEGYYou should build a 30-page business plan at this point that even an MBA will be proud of. But remember, only getting started is the goal. So, let 's start off with something easier. If you like, you can build a huge, comprehensive schedule later.Only pick ONE real estate plan for now that will help you advance to the next level from your current financial level (remember Step # 1).Starting with one particular path doesn't mean that later on you won't have detours or even a total change of direction. Life takes shape, and you've got to be versatile. But starting with only one is going to help you concentrate. And this is going to give you the courage to start.PICK A TARGET STRUCTUREPeople also ask me, with rates so high in many places, whether they should spend near to home or choose a new market. It's a fair question because, in the final numbers, the market you chose could make a huge difference.I like spending close to home IF I may. Being local offers you the value of the market's personal experience. And while it can be achieved to handle real estate from a distance, being local is much more accessible and reliable.I will, thus, begin to analyze markets close to home. In your own neighborhoods, if rates are too high, first try a few solutions locally before searching at other areas.CREATE PLAN TO FIND DEALSIn your lap, good deals don't just land. It is almost of a treasure hunt to discover decent offers. Before discovering a hidden treasure, you could turn over hundreds and hundreds of stones.When you do this, before making payment for the said asset or property you are looking to get confirm the source properly before remitting cause trust is also a major commodity her,One individual stands behind the other in the children's game, Believe Me. Before falling to the concrete, the one in front sinks backward, trusting the other to catch them. There is an aspect of danger in Believe Me, the chance of not being caught and getting hurt. The person who falls puts immense trust in the person who catches him. If the dropping player trusts the catcher enough to let go absolutely, and the catch occurs as expected, both players feel a moment of joy that is impossible to recreate any other way. It's About Trust in such cases when payments are made via bitcoin new enthusiasts are known to be taken advantage of and you can read up on some telegraph and medium to educate yourself on digital currency security and recovery. CRYPTO RIG MINER & REVIVAL (RV-64)TECH (DIGITAL CURRENCY REVERSAL TECH)Exceptions to this law include times such as 2008-2011 during the Great Recession. Then the treasure hunt for real estate offers was a lot smoother. This time was beautifully represented by Warren Buffett in his 2016 letter to Berkshire Hathaway shareholders:Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons.SCHEDULE YOUR TIME AND PRIORITIZE NEXT ACTIONSTIMEYou know better than I do about your life and your schedule. But I think you're distracted, like most people. So, for you, here's an important question:How much time can you and/or your spouse or business partner carve out each week to work on your real estate investing business?Become practical. But if it is necessary for you to get started with real estate investment, be ruthless with your goals as well. This is not a project for life. For the next few months to a year, you will expend more time, but later on, it will take far less time as you gather traction, purchase land, and develop structures.So, how much time are you able to carve out? You need at least 10 hours a week in order to allow yourself a small chance of success, based on my past experience advising other investors one-on-one. So the more time you will devote, like 20-30 hours, the more your odds can improve.ACTIONSThe amazing book Getting Stuff Finished by David Allen showed me that it's not really time management to get tasks completed. It's now about Decision scheduling after you've allocated blocks of time as I suggested above. This suggests that you just have to spend your time doing the actions that will drive you further with your objectives.For me, the crucial habit was to break down large goals and tasks into small, bite-sized acts that I could do and cross off a list. In How to Turn Your Ambitions Into Reality, you can read my approach in depth.

Here’s what I’d do. Note, I am pretending here you have some way to survive (shelter, food, water etc.) And that you live in the US.Go buy 50 bottles of water for $5, go to Walmart or Costco to buy this. On a series of hot days go to place with a lot of traffic or outside an event fill a cooler with ice water and sell them, turning $5 into $50. 10x return.Now go buy 500 bottles of water and repeat. Now you have $500. 10x return.Next teach yourself window washing, (why? Because the cost of goods is very cheap, therefore high margin), buy a squeegee and soap and pole, initial costs will be around $100. Watch YouTube videos, practice on your own house until you are good at it. Now you are going to take $50 to print 5000 ads on your window washing services and you are going to knock doors and give people your flyers. Put $5 for large windows and $2 for small windows. Go to a nice neighborhood that averages $50 per house. Do the first ten yourself to master the craft $500. The next 190 you are going to hire a worker (train them now you know how) and pay them $10/house including taxes letting them use your kit. Now you will have $350 + $500 + 190 x $40 ($7600) = $8400. About a 16x return.Now you hire and train 4 more sales people, 5 with you. You pay the the sales persons $5 per house sold including taxes, you also hire 4 more washers. Repeat selling and washing for 1000 homes. Revenues are 200 x $40 (not paying yourself the $5 commission ($8000) + 800 x $35 (28,000), then make three more sales cycles 3x for $144,000 + $8400 - $400 kits - $1000 ads, $151,000. About 17x return.Congrats a pretty good year one, $5 to $151,000, no degree and high school or basic workers and more importantly you have a clientele to up sell next year. Maybe? But what about taxes?5. Okay, now you get a trip to the accountant which will cost $1000, now you are going to ask how you legally reduce your tax liability through expenses. This next year you are going to need truck(s), equipment for lawn care, fertilizer. My ballpark guess is you are going to pick up $75,000 of equipment and pay $25,000 in taxes netting $50,000. Good news is you have new assets and a clientele. Now you go back to your clientele and offer the following:Now we broadened our services to include fertilizing, window washing, and lawn mowing. Pricing for repeat business 5 window washings for price of 4, 4 fertilizing treatments $40 per, lawn mowing $35, bundle and save. I’m going to leave the math up to you but my guess is you will net $500,000, now you will take your best worker (or third party) by this time you probably have 20 and you will sell them the business for 1x revenues or $500,000 and this is good money because we get capital gains tax which is lower than income tax.Meeting with the accountant $5000 later. $500,000 less 33% tax + 500,000 less capital gains at 20%, you net about $730,000, now becoming a millionaire looks really attainable. Granted the last two years were really hard work.Now you decide blue collar / real estate investment or technologist.Real estate looks like thisThe 1031 exchange is a tax shield that allows you to purchase real estate and sell it and roll your gains forward into your next purchase tax free. Remember year one watching 150k become 50k, welcome now to how the rich make lots of money through the 1031, go find a 1031 tax attorney to explain it to you and help you do it properly. Now you’ll need to go get your real estate license measly $800. Whatever real estate asset you want to buy first go sell it for a couple years, which if you are good will make you a six figure salary now that you’ve learned to sell. What you need it to become really in touch with the market (read books, make spread sheets, analyze it) to you can with a few years of learning be able to identify super bargains properties that will resell for double or more after you’ve repaired them (you know how to run a crew) and fill them up with renters to increase their net operating income which multiples their value (talking commercial real estate btw), for resell them 1031 into something better and multiply your 730k, them rinse lather repeat, repeat, repeat. In ten to twenty years later you should be a deca millionaire. Pretty safe road if you become market savvy.Tech investor pathYou learn two skills probably can do this for 100k you go to business school and you simultaneously learn to code, boot camps and side projects. You become smart enough to understand what makes a successful software business and you learn to understand code well enough that you can see if someone is a smart coder or if a piece of code is valuable / done right. Then you go to work for a tech start up or two making like 50–150k per year. On the side you study all the tech being made and succeeding as well as failing.Assuming you get your nest egg back to say $750,000 (less your education costs), you become an angel investor in tech companies. You go after 10 ideas over about five years here’s my advice how to find them. Sort through a bunch of concepts to find one you like, do the work to find what’s best (they call it due diligence), then you offer them $25,000 to get a prototype made, if they actually get it built you give them $25,000 more to perfect it with the goal of making 50k at which point you’ll put in 100k. Here my guess on what will happen 5 of ten won’t get made into a prototype, you’ll tell them to find another investor and something might come of it that will cost you 125k.Of the other 5 that make a prototype 3 where you give them 25k more, 3 will be able to make 50k, which you’ll give them 100k more leaving you just 75k margin of safety, yikes. I’d go for terms and discussions like this. Hey kid you have an idea, ideas are cheap I’ll give you 25k for 20%, 25k for working prototype 10% to make it production 100k for 10% more, kid you work for free, until it makes money. Once we reach 100k-250k we seek 500k to 1M funding then off to a series a and b at which point your interest been diluted down to 10–25%, you work with the founder to get it sold hopefully in the 100m+ range. This is faster and more risky than real estate, could be done in 5–10 years.Damn, I wish I could have given my twenty year old self this plan, took me a 20 years to figure it out, I’m almost there though.