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How To Invest In Real Estate Without Banks: No Tenants, No Rehabs, No Credit
This book exposes one of the most profitable investing strategies existing today. It shows you how to build PASSIVE INCOME, without using your credit or your savings; AND without fixing houses or dealing with tenants! How would your life be different if you had passive income coming in every month? What would it be like to not have to go to work anymore? If you understand that the PASSIVE income is the key to true financial freedom, then this book is a must read. Not only that it reveals the strategy completely unknown to general investing community, it also provides real examples of average people, their deals and their successes. this is not about flipping houses, wholesaling, rehabbing, or tenants & toilets. It is more strategic and more profitable. About the author - Marko Rubel is a seasoned real estate investor with more than 15 years of investing experience. He is a master of creative financing strategies used by professional investors. Marko is a selected expert on subject of “Foreclosure Investing” in front of the National Real Estate Investors Association, which represents over 40,000 investors nationwide. He was also nominated in prestigious “Who’s Who in Executives and Professionals”. Marko was a boxing champion of Croatia, but moved to U.S. looking for a better life. He arrived with less than $3,000 in his pocket, and without even speaking English. When he started investing in Real Estate, he was destined to fail because his credit was non-existent and he had no money. He turned his destiny around by discovering and perfecting the strategies that leverage other people’s credit. After a few hundred successful transactions, he perfected the system of buying without banks. If you want to buy properties without using your credit, talking to lenders or jeopardizing your savings, learn from Marko. His reputation and teachings go beyond the regular “get-rich-quick” hype that is overwhelmingly present in the real estate investing education world.
269 pages, Kindle Edition
First published June 1, 2015
166 people are currently reading
83 people want to read
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Displaying 1 - 6 of 6 reviews
January 11, 2020
This book has 3 parts:
1. Welcome
2. Deal case studies
3. Bonus strategies for deals that don't fit in
I have only read part 1, which is the most important, according to the author. In this section, he gives a rough idea on how his real estate strategy works. Basically, you buy real estates from people who are "motivated" to sell (e.g. people in process of foreclosure). Motivated sellers would accept a loss in their selling.
The author recommends buying the properties through some kind of deed transfer, where you agree to pay the seller's mortgage in exchange to the right to the property. You will effectively paying the seller's loan without having to take a loan yourself. Also, from the sound of it, you don't have to pay real estate agent fees and closing fees on the transaction (which is about 10% of the property's fair market value, according to the book). So, the total upfront cost you put towards the property could potentially be $0, though that's not common as the seller would want some payment for their existing equity.
After obtaining the property, you can sign a lease with a buyer, who will pay you some money to "try out" the place and if they like it they can take over. Of course they'll have to pay you some down money to start the lease.
The author also alludes to a couple other options to sell the house, but that's the gist of it. To learn more, please sign up to the his seminar.
By the way, the actual information took up only abour 20-30% of the text, the rest are trainings and seminars promotion.
I bet Marko is a very good sales man and have no doubt he could make million in a year dealing in real estate. But it's obvious that writing an informative book isn't one his priority when he sets out to write this book.
1. Welcome
2. Deal case studies
3. Bonus strategies for deals that don't fit in
I have only read part 1, which is the most important, according to the author. In this section, he gives a rough idea on how his real estate strategy works. Basically, you buy real estates from people who are "motivated" to sell (e.g. people in process of foreclosure). Motivated sellers would accept a loss in their selling.
The author recommends buying the properties through some kind of deed transfer, where you agree to pay the seller's mortgage in exchange to the right to the property. You will effectively paying the seller's loan without having to take a loan yourself. Also, from the sound of it, you don't have to pay real estate agent fees and closing fees on the transaction (which is about 10% of the property's fair market value, according to the book). So, the total upfront cost you put towards the property could potentially be $0, though that's not common as the seller would want some payment for their existing equity.
After obtaining the property, you can sign a lease with a buyer, who will pay you some money to "try out" the place and if they like it they can take over. Of course they'll have to pay you some down money to start the lease.
The author also alludes to a couple other options to sell the house, but that's the gist of it. To learn more, please sign up to the his seminar.
By the way, the actual information took up only abour 20-30% of the text, the rest are trainings and seminars promotion.
I bet Marko is a very good sales man and have no doubt he could make million in a year dealing in real estate. But it's obvious that writing an informative book isn't one his priority when he sets out to write this book.
May 12, 2020
Despite this book wreaking like a snake oil salesman infomercial there are some good nuggets if you want to dig.
My 🦻 picked up on...⬇
Active income / Passive Income
Find a way to monetize all deals
No tree grows to the sky
Subject 2 what's owed against the property they get relief from the loan
It's a win win when you keep your side of the bargain
No one gives up something in life unless they get something in return that they want more
People do business with whom they like and trust
Don't listen to naysayers who are ready to kill your dreams because they are incapable of realizing their own
Option consideration
Pjl paying off junior loans
They had dreams when they where young replaced by responsibilities as they matured and where left with nothing but regrets when they where old. Sure they hoped to be happier they wanted to be successful but everyday was the same nothing ever changed they didn't feel like they had the time the discipline or the resources to take the necessary steps
Stop wishing and waiting
Once you realize that six months will go by anyway it really becomes not a choice but an IQ test and you either get it or you don't
How important is your success to you?
It's easier to pick up a pen then a hammer
Your just kicking the can down the road and eventually you run out of road and fall off a cliff
Hiding from negative emotions doesn't make them go away
Changing minds is really hard there's really only one mind in the universe that you can change, with some luck, and that's yours. Think about the last time you changed your own mind about something. Did you do a complete 180, or was it more of a gradual shift?
The easiest thing you can do to have more productive arguments immediately is to remember to ask the other person: is this about what's true, what's meaningful, or what's useful? Is this about the hat the heart or the hands? If you can agree on the answer then you're on your way
Arguments aren't bad, they're signposts to issues that need our attention
Arguments aren't about changing minds they're about bringing minds together
Dun rite arguments are opportunities
In industry you take a bump now and then but you bounce back as long as you don't get defeated on the inside
Hi, I'm a real estate investor do you have any deals?
Self funded eventually you run out of your own self funds
5 years in real estate eventually you keep seeing the same movie over and over
I've seen so many guys with talent who never make it because they make some money in real estate and they start jumping around
My 🦻 picked up on...⬇
Active income / Passive Income
Find a way to monetize all deals
No tree grows to the sky
Subject 2 what's owed against the property they get relief from the loan
It's a win win when you keep your side of the bargain
No one gives up something in life unless they get something in return that they want more
People do business with whom they like and trust
Don't listen to naysayers who are ready to kill your dreams because they are incapable of realizing their own
Option consideration
Pjl paying off junior loans
They had dreams when they where young replaced by responsibilities as they matured and where left with nothing but regrets when they where old. Sure they hoped to be happier they wanted to be successful but everyday was the same nothing ever changed they didn't feel like they had the time the discipline or the resources to take the necessary steps
Stop wishing and waiting
Once you realize that six months will go by anyway it really becomes not a choice but an IQ test and you either get it or you don't
How important is your success to you?
It's easier to pick up a pen then a hammer
Your just kicking the can down the road and eventually you run out of road and fall off a cliff
Hiding from negative emotions doesn't make them go away
Changing minds is really hard there's really only one mind in the universe that you can change, with some luck, and that's yours. Think about the last time you changed your own mind about something. Did you do a complete 180, or was it more of a gradual shift?
The easiest thing you can do to have more productive arguments immediately is to remember to ask the other person: is this about what's true, what's meaningful, or what's useful? Is this about the hat the heart or the hands? If you can agree on the answer then you're on your way
Arguments aren't bad, they're signposts to issues that need our attention
Arguments aren't about changing minds they're about bringing minds together
Dun rite arguments are opportunities
In industry you take a bump now and then but you bounce back as long as you don't get defeated on the inside
Hi, I'm a real estate investor do you have any deals?
Self funded eventually you run out of your own self funds
5 years in real estate eventually you keep seeing the same movie over and over
I've seen so many guys with talent who never make it because they make some money in real estate and they start jumping around
August 4, 2019
This was a testimonial, motivational and investing book. It gave many famous quotes for motivation and verbiage for motivation. Testimonials is most of the book. Investing in real estate is the foundation of the book. I felt good reading this book as well as I am a current student enrolled in his mentor me program. The only thing it didn't have that I would want is a testimony of someone who was on Medicaid and/or food stamps. I guess I will be that testimony for others when I have reached the success of his real estate without banks: no tenants, no rehabs, no credit program.
November 14, 2019
More than a book!
This is a detailed course on REI. The online instructions, examples and testimonials and bonuses! Every Real Estate Investor needs this in their library!
This is a detailed course on REI. The online instructions, examples and testimonials and bonuses! Every Real Estate Investor needs this in their library!
September 27, 2021
Throughly enjoyed reading this book. Excited to give this a go.
Marko is obviously excited to share and is very clear in his description of what to do or not do.
Marko is obviously excited to share and is very clear in his description of what to do or not do.
February 24, 2016
A must Read
I think that if Markos book is follows you can not help but to make money!!!
It is well written
I think that if Markos book is follows you can not help but to make money!!!
It is well written
Displaying 1 - 6 of 6 reviews