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Zero Down: A Proven Success Strategy for Investing in Real Estate Starting with NONE of Your Own Cash
Zero Down is not just another “how to” book on making money in real estate investing. There are too many of those out there to count and many don’t follow through with their promises. This book will give you the “nuts and bolts” in which types of real estate to invest in and how to get started without any of your own money. In no other single book anywhere will you find this much power-packed information that can show you everything you need to know to get started in the highly profitable and exciting world of cash flow real estate investing. Once you understand and start implementing the techniques you will find in this book, you’ll find that attaining your own success is fairly easy provided that you’re willing to follow a set of very easy doable steps. All you need is a burning desire, a willingness to succeed, and persistence to keep going until you build your wealth empire. Action is the basis of all success. You can read, learn and know everything yet get nowhere if you don’t take action. Once you devour all of the strategies presented in this very rare book written by a self-made real estate entrepreneur, you’ll know everything there is to know about getting started with passive income real estate investing. Your only requirement is to get out there and use it. And if you do, you could become a real estate millionaire in 36 months or less.
357 pages, Kindle Edition
Published September 27, 2020
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December 20, 2020
“Zero Down” by Monica Main is a book about buying residential-commercial real estate, anyway that you can. I know that I have always wondered how people got into buying apartment buildings and commercial real estate. It seems like an impossible task. However, after reading this book, I truly feel as though there is a clear path for me to get into the bigger real estate game. As an owner of 3 residential single-family homes, I know that this is not where the money is. It is good to know that our kids have homes for the future, but the truly passive income is in apartment buildings. In the book, she goes over how to build personal credit. Then using your good personal credit, build business credit. That was the part that I was missing. Then she also goes over how to secure money in case you don’t have enough for a down payment. I came away from this book hungry to get into the game. With that, let’s get into my 5 takeaways.
1) Improve your personal credit- Your personal credit needs to be above 700 in order to get business credit. Once you have good personal credit, open an S corporation.
2) Build your business credit- Once you get your S corporation, open a business credit card. Then another. Keep doing this until you finally open a business line of credit. That is how you start to build your business credit.
3) Apartments with 2-4 units go on your personal credit, anything over 5 units goes on your business credit- So that is why you want to obtain business credit. If everything is going on your personal credit, eventually you will cap out. That is why building your business credit is so important, eventually, you will use it to obtain these larger properties.
4) Create an LLC (limited liability corporation) for each real estate property- Once you start buying real estate, start an LLC for each property. This will protect you in case of a lawsuit and also create a business for each property.
5) Get started now- There is never a better time to get started than now. The book made it seem very reasonable to get started in the bigger real estate game. Obviously, there is more research to be done, but I feel as though more dots have been connected for me.
This book is exactly what I needed. As a homeowner (x3) I felt as though single-family homes were not the way to go. The money just isn’t there for, unless you buy like 100 of them. I do enjoy having multiple homes because of our children. Now I feel as though I can really sink into my next venture. This book is a step-by-step guide to getting started in the bigger real estate game. And eventually, into creating huge passive income streams.
1) Improve your personal credit- Your personal credit needs to be above 700 in order to get business credit. Once you have good personal credit, open an S corporation.
2) Build your business credit- Once you get your S corporation, open a business credit card. Then another. Keep doing this until you finally open a business line of credit. That is how you start to build your business credit.
3) Apartments with 2-4 units go on your personal credit, anything over 5 units goes on your business credit- So that is why you want to obtain business credit. If everything is going on your personal credit, eventually you will cap out. That is why building your business credit is so important, eventually, you will use it to obtain these larger properties.
4) Create an LLC (limited liability corporation) for each real estate property- Once you start buying real estate, start an LLC for each property. This will protect you in case of a lawsuit and also create a business for each property.
5) Get started now- There is never a better time to get started than now. The book made it seem very reasonable to get started in the bigger real estate game. Obviously, there is more research to be done, but I feel as though more dots have been connected for me.
This book is exactly what I needed. As a homeowner (x3) I felt as though single-family homes were not the way to go. The money just isn’t there for, unless you buy like 100 of them. I do enjoy having multiple homes because of our children. Now I feel as though I can really sink into my next venture. This book is a step-by-step guide to getting started in the bigger real estate game. And eventually, into creating huge passive income streams.
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