Wealth Building Strategies: Ways to Purchase Real Estate Without Getting a Loan

My main wealth building strategy has been investing ininvestment property, we realize that we’ll have to
tax liens. Now I love investing in tax liens for lots offind another way to buy properties other than getting a
reasons. You can watch a short video about Whyconventional mortgage. Now I’ve been to various
Invest in Tax Lien Certificates on my web site at Butreal estate trainings for different methods of
I’ve always wanted to be a real estate investor.purchasing real estate. I’ve taken trainings from
Regardless of what you may have seen on a latedifferent experts on short sales, subject to deals,
night infomercial, tax lien investing is a great wealthforeclosures, etc. But I haven’t actually purchased a
building strategy but it’s not a good way todeal using any of these methods. Most of them,
purchase real estate. In my experience a tax lien on aexcept for purchasing property “subject to,”
good piece of property will almost always redeem.require that you have some cash, which I won’t
That means that you don’t get to foreclose on thehave after we close on this property. So my focus
property. What you do get is a great interest rate onnow is to purchase investment property without using
your money.my own cash and without bringing in other investors.
The problem with investing in real estate as a wealthEven though I have taken courses on how to
building strategy for me has been that usually youpurchase property “subject to” the current
need a lot of money, so I’ve been researchingmortgage, the method that I learned did not really work
ways to purchase real estate without having to putin my state so I abandoned this method before I even
down a lot of money. After all, I’m used to investingtried it. Then I heard a tele-training with Wendy Patton
small amounts of money at a time – in tax liens.on lease options and subject to deals on I wanted to
We finally did purchase our first investment property.listen to the training because we intended to sell the
We bought it at a real estate auction and got a greatproperty that we’re purchasing using a lease option,
price. But what a rude awakening when we went toand I thought that was what this training was about.
get the financing! Things have really changed in theBut it was actually about how to purchase properties
past few months when it comes to getting a loan.using lease options and subject to deals without having
Sure there are still some great programs out there forto put any money down.
first time home buyers and even for people who areWendy was awesome! I just had to have her training
not first time buyers, but are purchasing a home to livecourse that consisted of 4 separate real estate
in. The problem is that banks do not really want to lendinvesting courses: Buying with Lease Options, Selling on
to investors.Lease Options, Working with Realtors, and Taking the
Fortunately my husband and I have a really goodDeed Subject To. Wendy offered these 4 courses
mortgage broker and a good credit scores, but we stilland personal coaching with her for under $1000. I
had to put 20% down in order to secure a mortgagejumped at the opportunity to purchase this because I
on this property. Last time we applied for a loan on anhad spent more than twice at much for just one of
investment property (on a house that we ultimatelythose courses from other real estate gurus. The good
decided not to purchase), we only had to put 10%news is that if you act now you can still listen to
down and we were able to lock into an interest rateWendy’s free tele-training with REIBlueprints.com,
1% lower than what we were able to get now. Andand get in on this special offer, but hurry because I
that was only about four months ago.don’t know how long this offer will last.
Because we intend to purchase more than one