And networking can be done almost anywhere to produce the real estate leads. When you need to put some gas in your car, park on the other side of the pump from anyone who’s already there and try and find a connexion where you can tell them you ‘re in the real estate industry and can help them or someone else they know who may be looking to buy or sell. And if you are very serious about it, you may just want to get $10 or some other small amount of gas at a time so you’ll need to go to the gas station more often and have more network opportunities. I strongly suggest you to visit what to expect a timeline one goes through when selling a house to learn more about this.
You can create your network even by meeting new people somewhere else. In the grocery store, library, church, waiting in line at the bank, or anywhere you are with other people for more than a couple of minutes at a time and starting a conversation wouldn’t be too uncomfortable.
But how does the all-in-one-down strategy work by buying a cash home? First, let me reiterate that I really had no cash, but I had a significant amount of equity from Terry’s home and multiple homes that I owned put together to give me a significant cash down payment. Banks and lending firms alike will consider money from a credit line of home-equity as cash for purchasing a home. They did at least according to the day’s financial standards in 1997. What you have to know about mortgages and lending is that the rules are continuously evolving, so this method that I used in 1997 can or may not be used in the future. Whether or not it can be used again doesn’t really matter to me as I think that sooner or later there will still be a way to buy property with limited capital. There will always be a strategy for purchasing real estate, but I’m not quite sure exactly how it will be achieved in the future.Read More