Real Estate Basics: Creative Non-bank Financing And More
2.3 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Real Estate Basics: Creative Non-bank Financing And More

We go through the basics of creative financing in buying homes.
2.3 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
73 students enrolled
Created by Brian Gibbons
Last updated 6/2013
Current price: $10 Original price: $20 Discount: 50% off
5 hours left at this price!
30-Day Money-Back Guarantee
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of this course you will be able to understand 5 ways to buy or control houses
View Curriculum
  • The only materials you need are paper, pen, a smart phone, and a computer. A scanner for docs is helpful.

This course is about learning how to buy houses without banks or credit.

The format is with print and video.  You can review the video as much as you want.

It will take about 90 minutes to complete.

The course is structured with a focus on - 

  • Creative non-bank financing
  • Agreements used in real estate investing
  • Building a team of contacts for your business (lawyer, CPA, title company, etc)
  • Starting a business, marketing for houses, and exit strategies.

We are going to cover:

  • Understanding "Needing New Financing Deals"
  • Understanding "Using Existing Financing Deals"
  • Understanding "No Financing Needed Deals"
Although this is an overview, it will pave the way for you to learn the more in depth courses that are avilable for a low cost investment:
  • Buying with Sub2
  • Buying with Agreement for Deed
  • Buying with Lease Option
  • Buying with Wrap Around Mortgage
  • Using Straight Options
  • Using Land Trusts for Privacy
  • Financing with Hard Money
  • Financing with Private IRA Loans
  • Financing with Joint Ventures
  • Fixing Credit Reports with Legal Credit Repair
  • Using Credit Cards for Business Expenses
  • Marketing for Houses - 11 ways
  • Negotiating with Home Sellers
  • Creating a LLC Inexpensively.

Who is the target audience?
  • beginner and intermediate real estate investors
Compare to Other Real Estate Investing Courses
Curriculum For This Course
Real Estate Investing Without Banks
5 Lectures 54:14

Do you want to make a change in your life and improve your financial situation? 

Most people fail to make any effort at all at making a change in their life for the better, so you should be commended for just going through this basic training.

Right now, you probably have a ton of questions about what real estate investing is all about and if the stories you've heard about regular people making money are true. 

Most of all, you're probably wondering if you can do it too.

As you go through this training, you'll begin to not only see how easy real estate investing can be, but you'll also learn how virtually anyone, including yourself, can make money in real estate using no money or credit.

You may be studying this training because you want to be your own boss and become rich and financially free. Or you could be simply looking to supplement your income or provide for your retirement by buying one or two properties a year working as a real estate investor in your spare time. Or, you may find real estate investing interesting and want to do it as a profitable hobby.

In any case, the resources to turn your dreams into a reality are in this course.

This training is designed to teach you everything you need to know to get started as a real estate investor or how to buy your home with little or no money down and using no credit. The techniques in this course are fresh and they work. While this course is not a get rich quick scheme, if you put a little time each day into the training it will truly change your life and your financial future.

Can This Really Be Done?

The first thing on your mind right now is probably whether or not you can actually buy real estate using little or no money or credit, and you may be wondering if this business is for real. Almost everyone has heard about creative real estate investing and buying real estate with no money down. Realizing that there is so much of this talk:, some part of it must be true.

Many people think that there is a catch to this business of real estate investing. However, it is important that you not draw conclusions as to what can and cannot be done in real estate.

There are conventional ways of buying and selling real estate and then there are unconventional "creative" ways. It's these creative ways of buying real estate using none of your own money or credit that are most popular among today's small real estate investors. 

The creative techniques such as those taught in this course can be done by virtually anyone regardless of their credit or current income situation. You can even buy and sell properties regardless of the economy and it will work in your area regardless of what city you live in.

What level of success you achieve is mainly determined by your personal goals and how dedicated you are at achieving success. 

Yes, some investors do make tens-of thousands of dollars within a short period of time or gain financial freedom. 

And yes, you can make some quick cash or start earning extra income right away. However, for the average person, it will usually take at least a couple of years to achieve consistent results so they can declare financial freedom. Just remember, anyone can make money in real estate investing, but only if they take action and stick with it.

The greatest thing about this business is that you don't have to become a savvy real estate investor to acquire two or three rental properties, so you can live more comfortable now and provide for your retirement later. If you manage a few investment properties correctly and invest your cash flow wisely, you can easily become financially free in only a few years.

By taking action, following the steps in this training and completing the tasks in the action steps, you can't help but make money and achieve success. 

However, if you just let this training just go in one ear and out the other, you obviously will not achieve anything.  

So be committed to learning all the information, and doing the homework steps after the training.

I wish you all the best in your Real Estate Investing Career!

Brian Gibbons

626 318 0599

Preview 08:23

Creative Financing is about using creativity to get deals done.

This is because money is the whole foundation of investing in real estate, even if you are doing a deal using no money at all.

There are two main topics within the Money Section.

They are 'Financing Strategies", and "Financing Sources".

The Purpose Of This Section

The purpose of this Section is to give you an understanding of how the money side of real estate investing works. For now, we'll mostly be covering the strategies and sources themselves. Then we'll cover how to structure the agreements behind these strategies in the next Section.

Understanding Creative Finance Strategies

First, the key to doing any creative real estate investment deal is to understand the finance strategies that make deals come to life.

We'll break down the money side of real estate investing and look at these strategies from the inside out, forwards and backwards, covering how to do deals using no money, how to structure deals using the existing financing, and how to do deals with new financing. 

We'll also cover specific strategies for buying a home to live in with no money down, along with strategies that will even allow you to walk away from closing with cash in your hand.

As we go through each of the finance strategies, we'll also help you to identify what type of deals and strategies best fit your abilities and financial goals, so that you can make confident and informed investment decisions.

Preview 11:34

The purpose of this section is to introduce you to the various forms and agreements you will be dealing with as an investor.

It is important that you understand how to structure various agreements & get them in writing, before you go looking for deals & talking to sellers.

Otherwise, you may not get the best deal possible with the best terms.

Also, if you don't know how to fill out the sales agreement according to the offer you're putting together with the seller, it could cost you the deal. You don't want to wait until later for someone else to help you, nor do you want to look dazed and confused in front of a seller, which may cause them to lose confidence in your abilities.

Overview Of This Section

In this section, we will start by covering a standard sales agreement which you will be using in almost every transaction you do.

We will then cover the agreements used in each of the four Deal Sections, starting with the agreements used in the

·  Wholesaling Section, then

·  the Retailing Section, then

·  Seller Financing Section, and

·  finally the Rentals Section.

We will then cover other types of agreements including those used when doing short sales, land trusts, and partnerships.

Using The Term "Contract"

Before we get started though, it is important that you not refer to any of these agreements as being "contracts" as much as possible.

The term "contract" tends to be a threatening word, especially to private sellers.

For instance, when talking to a seller it is much less threatening to say the two of you will "OK the agreement", rather than saying that the two of you will "sign the contract" .

This may sound a little over simplified, but when negotiating with sellers and doing business in general, you'll want to use every psychological tool you can.

Buy this book by Tom Hopkins for more instruction on Selling Skills. 

How We'll Go Over The Agreements And Forms

We're not going to have enough time to go over each and every line of every agreement. What we are going to do is hit the hot spots that are most important. Much of the rest is pretty self explanatory, such as filling in the names of the parties involved, addresses, dates, etc.

We do recommend reading completely through every form in this section before using them. You never want to sign an agreement unless you know exactly everything it says. Also, by knowing what they say, you'll understand better how to use them. 

Preview 13:57

Purpose Of This Instruction

The purpose of this instruction is to introduce you to the different people and contacts you'll be dealing with as an investor.

You'll learn how to locate the right people you need to be doing business with, as well as how to recognize the people you don't want to do business with.

Building A "Contact Team"

As a beginning investor, a large part of your success is going to depend on your ability to build a powerful team of contacts.

Every business needs suppliers to provide raw materials, employees to do the labor, and customers to buy the product or service. 

The same is true for being a real estate investor. 

You must know what real estate agents can supply you with deals, what investors have deals for sale, what appraisers are going to appraise your properties, what title companies you are going to use to close deals and so on.

You must know what contacts you need on your team, how to find them and how to deal with them properly. 

Without this, your chances of success aren't very bright.

Preview 05:48

Up until now, we have covered the first three Sections which you should focus on before trying to go out and do deals.

Again, those Sections are Money, Agreements, and REI Contacts. These make the foundation on which to execute a deal in the Build a REI Business Real Estate Section.

Staying Focused On The REI Section Success System

It is very important not to lose sight of the purpose behind the Section Success System and why the Real Estate Section is the last Section you should focus on.

You must build a solid foundation of knowledge and resources before going out and trying to do a deal. If not, you won't be prepared to take advantage of a deal when it presents itself.

Overview Of Topics Covered

In this section, we'll start by showing you how to learn your local market place.

This is an important step in getting a look at what other investors are doing in your area.

It will help you to determine what neighborhoods and properties you should be focusing on as well.

We'll then get right to what everyone has been waiting for, and that is "finding deals".

The list of strategies used by investors to find deals can be endless.

However, to give you the best chances of success, we'll mainly be focusing on those strategies which are most popular and that generate the most deals.

We'll also be covering

1.  how to talk to sellers,

2.  how to inspect properties and calculate repair costs, as well as

3.  how to estimate a property's value and make offers.

4.  In addition, we'll cover how to get the deal closed and execute your exit strategy, once you get an offer accepted.

We have a lot of information to cover, so let's get started! 

Preview 14:32
About the Instructor
Brian Gibbons
2.3 Average rating
3 Reviews
73 Students
1 Course
Learn How To Buy Real Estate Without Banks

Since 1986 I have been a professional Real Estate Investor. I have been successful at:
-Subject to Existing Financing (With and Without Land Trusts)
-Land Contracts - Installment Sales
-Lease Purchase and Sandwich Lease Options
-Cooperative Assignments - Lease Option then Assign
-Selling on Lease Option
-Buying by having Seller carry back a second mortgage

Specialties :I specialize in Creative Financing, avoiding banks and needing credit.

I have assisted in helping 100's of students since 1986.