When I started in real estate, I
thought there was only one way to do real estate: Borrow money,
buy property, put my name on the title, rent it, put up with ten-
ants, have the tenants pay off the costs, and make money over
time. With luck, I would make money every month.
Then I learned how to flip property, fix it up and sell it, or lease-
option it. I also learned that I did not have to use my own money
or credit to buy homes. Most people, including myself sometimes,
have no hands-on experience in the subject matter about which
they are giving advice. You should seek advice only from experts.
Even my mother would say, “Robert, this no-money-down stuff, I
don’t buy it; I don’t believe it can be true.” Now, every time I go to
my mother’s house for dinner, she says, “Robert, I’ve seen you on
1
INTRODUCTION
TV and [in] newspapers and books. Why do you keep telling peo-
ple you can buy property without using your own money or
credit? Stop it!” She still will not believe me. She’s an excellent
expert at being a mom. However, she hasn’t done any real estate
investing. Yet, for the last 200 properties that I have bought, sold,
and made money with, I have not used one penny of my own
money or one point of my own credit. That is true. You are going
to learn ways to do that, too.
The concepts I present here work for everything: houses,
duplexes, land, commercial buildings, apartment buildings, trailer
parks, whatever you are interested in. Small properties, big ones,
cheap ones, and expensive ones. There is a big difference between
a $1 million property and a $100,000 property, but the process
and paperwork for buying and selling them is exactly the same.
