In the beginning it was quite daunting. I am wealthy today, but I didn't wake up one morning with my knowledge suddenly appear in my mind. It was the most difficult part of the journey to actually discover HOW! to do this. It took effort and sifting combined with our own adjustments and changes to do this the way it felt most comfortable to us. Real estate with no credit checks was our holy grail. Banks are your partner in this business when they own 90% of the investment (whether you like it or not) And if some beauraucrat decides something according to their interpretation of their banking code, you must do what they say or lose that partnership and the deal you are working on. The biggest obstacle is their insistence on reigning in your deals. They get very uncomfortable when you present a plan for doing 100 deals per month. They get very uncomfortable. Of course, the biggest obstacle, having no experience, is that we didnt have enough seed capital to do this. Banks want large chunks of your money, just to get in With LVR's of 70-80% we needed to come up with the remaining downpayment. It was not going to happen the way we envisaged it. To buy property with no credit checks was a faint possibility, but I knew nothing about it 5 years ago. It was a whispy probabillity of questionable origin.The idea that anyone could suddenly start doing real estate deals without any money at all
and not even a stable work history, or references or anything. Just start doing real estate deals, as many as they could find. This idea seemed utopian. Too good to be true. But of course I discovered that not all things that smell like roses are fertilized with manure. Some are actually rose, just not all. The one thing I did learn is to never lose your child like optimism. Some times santa does deliver. I researched heavily, and found what I was looking for. The way to buy real estate without credit checks is to dismiss the bank in the first place. My partners and I control profits and not properties. We are in the business of creating wealth not owning real estate. So what need or business did we have approaching banks? Our profits CAME from the lending institutions, but we did not need them to create these deals. Its time you opened your mind to wider horizons, because when you see things differently, things change. My very best to you. Martin Thomas is a professional investor. He invests in Real Estate, Automobiles, Sea going Vessels Businesses, and anything of value that may be converted into profits. He and his associates maintain a website http://www.opportunity-investor.com. They reveal their money making strategies and ongoing insights. This is a free content site
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