Dani Lynn RobisonWealth Activator | Real Estate Investor & Speaker | Helping People Create Wealth With Simplicity, Trust & Impact

Take the hassle out of buying real estate – it's easier than you think!

20 Jun 2024

Watch on YouTube

Short YouTube presentation (June 2024) encouraging beginners to start buying rental real estate as the fastest path to a millionaire goal over the next 12 months. The speaker emphasizes acquiring a first property quickly using two creative financing methods — asset-based lending (loans based on the property’s value and projected rental income) and seller financing (owner-financed purchase, possibly with no down payment). The speaker states a target of owning 25 cash-flowing rentals and highlights that lenders using asset-based lending may count 80% of projected rental income toward underwriting.

Questions this video answers

The next 12 months.

25 rental properties.

Asset-based lending and seller financing.

80%.

Yes — the speaker says seller financing can potentially involve no down payment.

No money and no credit required. The quickest progress towards your millionaire goal in the next 12 months is buying real estate. With this little hack, you don't have enough money for a huge down payment. It's okay, but eventually you want to own 25 cash flowing rental properties. The sooner the better. There are two little known ways of financing your first property. Even when you have bad credit, no credit and you don't have enough money for a huge down payment. Number one is with asset based lending. Instead of relying on your credit score or personal financial situation, some lenders focus on the value and income potential of the property itself. You can get a loan based on the rental income the property will generate for you. As the owner, 80% of your rental income counts towards your own financial statement even before you own the building. Two is seller financing. You get the property owner to finance the purchase like a bank. If they are eager to sell, you can negotiate favorable terms like interest rate, repayment schedule and potentially no down payment. It becomes a win win for both you and the seller. The most important progress towards your millionaire goal in the next 12 months is acquiring your first property. These are just a couple creative ways of getting started. For more strategies and details follow.