I’ve bought 8 properties and I have signed purchase agreements for 10 more with more sellers calling every day. I’m starting to run out of money! From the research I’ve done, doing deals without money requires one of the following:
1. Buying on an option-from what I understand the only way to do this with $0 is to find a company that will do a dual closing, I have been unsuccessful in doing this so far but I’m still working on it.
2. Assigning the contract-All the offers I send out have a clause in them allowing me to assign the contract, but I have not taken advantage of this yet. Can I advertise a property for sale with the intent of assigning the contract I have on it and without yet owning it?
3. Finding an investor-Jack and Jill as well as other Land investors talk about “Doing deals together”, does this entail some kind of written agreement? Is it typically one person doing the work and the other person putting the money down?
Which one of these three do you recommend? Are there other options that I am unaware of? Are any of you interested in “Doing a Deal” with me?
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