One of the most frequent questions we are asked is "Can you
really get homes for $1.00-10.00 down as you teach in your
The answer is Yes!
It seems that most folks have a hard time believing that this is
really possible and we can definitely understand that.
It seems most folks think that we are teaching our students to
call people up and say "Hi, my name is TC, and I am a really
nice person and I was wondering, would you be interested in
selling your home to me for $1-10.00 down?"
If we did that we would be laughed at and probably hung up on!
Now understand that what we teach in our course, "Buy with No
Credit, How to Make Money This Month in Real Estate," is like a
recipe, similar to a food recipe.
For example, if you were going to bake a cake, there is a recipe
that not only gives you the ingredients but also the steps you
must take to successfully bake that cake.
If you decided to add the eggs anytime you wanted to, say after
the cake was baked in the oven for 45 minutes, would you have a
No you would not!
The same thing applies to $1-10.00 down!
There is a sequence to be followed and a reason that it is
incredibly effective for our students who use it.
Now let's get this straight... This does not work on every home
that is for sale! But as we have discussed before, it does not
have to work with every home for sale!
We will not discuss the exact recipe in this report but let us
say this...You must put something down on a contract for it to
be legal and binding.
It is often referred to as "Financial Consideration".
If you and the owner of record sign a contract it is not legal
and binding without there being "financial consideration" in the
Now here is the great part...
Even $1.00-$10.00 down is considered "financial consideration!"
That's right! Even if you only put down one measly dollar, that
is still considered "financial consideration" and makes that
contract legal and binding!
Now we know what you are thinking, "Why would an owner agree to
take $1-10.00 down on their home?"
That is a great question!
Here is something that will be very important for you to
remember in your real estate investing career so please remember
When negotiating a real estate deal there are basically 2 main
areas to be negotiated:
Price or terms!
If we give an owner of record their price, then they must give
us our terms!
As an investor we are not going to give an owner both price and
terms. If we are going to give an owner of record his price,
then we are going to get our terms!
The reason that our offers get accepted is that we give the
owner of record exactly what they are looking for in that deal!
The key is to determine exactly what the owner of record is
looking to do in that deal.
This is never an adversarial position and the owners of record
are actually happy to do business with you!
One of our students, Laura, shared with us that after she
completed her first deal (that resulted in a $60,000 equity
position for her, a very nice first deal), before she even made
it home she received a call on her voicemail from the owner of
record thanking her for agreeing to do the deal with her!
Remember folks, investing in real estate requires a recipe. As
long as you follow that specific recipe correctly you can
duplicate that result as well.
The bottom line is that it is possible to do and is like a
"knife slicing through hot butter" when done the correct way!
TC and Vickie Bradley http://www.tcandvickiebradley.com