Bear with me on this... - Posted by Lisa

Posted by JohnBoy on February 01, 2001 at 23:10:56:

Lisa,

Start by reading everything at these links. You will get a better idea on how this works. After you read everything at these links, then come back and post your questions. I think you will find a lot of answers to your question.

Here are two articles about talking on the phone with sellers:

http://www.creonline.com/mm_37.htm

Read everything at these three links to get ideas on deal structuring:

http://www.creonline.com/art_menu.htm

http://www.creonline.com/mm_menu.htm

http://www.creonline.com/success.htm

Bear with me on this… - Posted by Lisa

Posted by Lisa on February 01, 2001 at 19:41:28:

Everyone’s responses have been great and very inspiring but could someone please answer this question:
The reason I want to get into rei is the Phoenix market is incredible. The downtown revitilization is happening and houses are cheap and within a year will easily double in price. Let’s say I jump in and find a house to buy with a motivated seller. I make an offer, they accept. Then what? I don’t get a conventional loan, right? How do people buy houses without using their credit or $20,000 down or mortgaging their own home (I don’t have one). Maybe I am missing something but that is what bothers me and sorry if this is really stupid but where do you get the money?