Posted by Rob G. LI, NY on October 21, 2002 at 18:26:27:
The CS Course has a chapter on Lease Options. Read it over and over until you understand it. Then get out there and just do it. 
Just getting started again and again! - Posted by L.L.Rankin
Posted by L.L.Rankin on October 19, 2002 at 23:27:29:
I am very glad to have found this message board. I like a lot of others here have purchased the C.S. Program. Twice in my life time. Unfortunately, I let the thick layer of dusk collect on the materials. I had to slay some huge spiders to get to the materials! “LOL” I am finally ready to get going on the road to finacial freedom. I know one must crawl, walk and then run. Patience and people skills are definately virtues. I am reveiwing the materials, along with checking out information here at CRE Online web site. I am trying to get into a local realstate club. BTW, any successful realstate individuals here from Minneapolis? Feel free to contact me. I’ll pay for the coffee if we meet. I too have bad credit and recently filed bankruptcy. I know this shouldn’t be a barrier, but I am at this point interested in doing strickly buy and sell deals. Maybe some below market or fixer uppers and then sell. I’m in contact with individuals with a variety of expertise relative to building construction. (i.e. inspectors, appraiser, electrician, carpenter/general contractor etc.) I know these individuals can help my situation, but I want to get going a.s.a.p. I would love to do “NO MONEY DOWN” deals with no out of pocket expenses, but I still don’t know how specifically this can be done, especially since I have NO MONEY myself. I do mean NO MONEY of my own! I hear a lot of people saying it can be done, but I don’t feel I am getting enough detail from start to finish on how to put these deals together. How do you pay or guarantee compensation to any work done prior to closing? There is so much information that I am getting information overload! My brain is going to explode! Based on my previous statement regarding the kind of deals I want to do, where should one start? Like I said before, I don’t want to be a landlord at this time. I just want make some cash right now. I also have to prove to my wife that I didn’t waste money on the program, as she so painfully reminds me. I don’t want to live in the doghouse! lol All kidding aside, any detailed suggestions would be greatly appreciated. Thank you.
Everyone is wrong. - Posted by js-Indianapolis
Posted by js-Indianapolis on November 06, 2002 at 12:35:46:
OK, maybe not totally wrong. I just think l/o’s are highly risky for someone who has no cash. You have no contingency plan if things go sideways. If EVERYTHING goes according to the plan, then you can make money.
I’d highly suggest you go to the How To section, and the money making ideas, and read everthing you can find about wholesaling, or “flipping”. Much lower risk.
Also, you said " I would love to do “NO MONEY DOWN” deals with no out of pocket expenses, but I still don’t know how specifically this can be done…"
Here’s the simplest way I can think of, for your situation.
Find a property substantially below market value. Have the owner option it to you.
Assign your option to an investor for a fee.
The end.
The key is finding that person who is desperate, and will do anything to get rid of the house. They’re out there. You just need to find them.
How to find motivated sellers? Look for that in the How To’s, and the Money Ideas.
Re: Just getting started again and again! - Posted by John
Posted by John on October 23, 2002 at 09:07:19:
The nail was hit on the head, you need to look into Lease Options. If you have ever rented, then you will understand the lease option, Sub-Leasing and The Right to Assign. You may want to look into the CS Coaching Course.
Re: Just getting started again and again! - Posted by ursurla (KY)
Posted by ursurla (KY) on October 21, 2002 at 09:45:42:
If you have very little money, I’d get into Lease Options. They don’t cost a whole lot… you’ll need a few hundred dollars. Look on this site for info about lease options… or spend a little money and get a good course.