ProfitBrite

How to Get Rich Without Money

I can show you how I did it and if you follow these methods and are dedicated and persistent you will become wealthy. It is as simple as that, no special skills or education are needed.

The way to wealth with no money is through real estate. The old rules of real estate no longer work so I am going to show you some methods that I have developed to get property with no money.

Banks no longer will lend 100% after the recent economic crisis so these new methods were developed.

1. Bank - Bank financing is still needed but only at the standard 70-90% of the purchase price. The remaining 30-10% should be financed by the seller of the property using a second mortgage. The to mortgages when combined equal 100% of the purchase price. This will be fine at most banks however for the banks that do not allow this you should resort to plan b.

B. After getting a property under agreement for under market value you should get an appraisal for the true market value. You then should take the appraisal to the bank and they will give you a mortgage of 70-90% of the value of the property which will equal 100% of the lower purchase price.

2. Seller Financing - The easiest and fastest way to get 100% financing is through the seller of the property you are buying. Most sellers will be fellow investors whom do not have any problem lending you the money and becoming the mortgage.

Using these methods to get financing at 100% will allow you to get rich without any money of your own. With persistence and dedication you will make a lot of money.

Now that you know how to buy property without money you should get information on how to rehab cheaply and sell the property for top dollar at [http://www.realestateflipper.info]http://www.realestateflipper.info.

Article Source: [http://EzineArticles.com/?How-to-Get-Rich-Without-Money&id=4092737] How to Get Rich Without Money