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No Income No Credit No Transport IRS Problems
s Real Estate Investing If you are serious about real
really possible with NO estate investing, you must
income, NO established understand that the world will
credit, NO transportation, and not give you a living, nobody
IRS problems? will be your 'daddy' and the
government isn't going to make it
YES! happen for you.
The other part of that - the Now, I know, this is a bit harsh,
'What do I do about it?' part - but you have to face reality -
well, that one is simple, too... there ain't no free lunch
anywhere and until you look that
In fact, it is similar to the truth in the face, you will never
situation I was once in when I be successful in anything -
was starting out in real estate certainly not real estate
investing. investing.
Let's go through it, By now, you are ready to begin
step-by-step... your real estate investing
journey with strength and truth,
If you have 'no' money, the first have stopped reading or looking
thing to say is - if that is for a link to get off my list.
true, how do you eat?
You make a choice, which ever
You see, that is one of the most way...
important things you must do to
get started - be honest with For those that are still with me,
yourself and take a serious look know that there is no 'sugar
at your current situation. coating' in this message! (to
paraphrase a movie - "There ain't
no crying in real estate
investing!") You aren't quite ready to take on
a deal by yourself - yet.
So, here's the step-by-step plan
to move from a situation where So, begin your real estate
you have little income, no credit investing journey by finding
established, no car and IRS deals for others. The Lazy
problems into a world of Investor's Guide to Property
successful real estate Profiling is perfect for that -
investing... in fact, it is exactly what it is
designed for!
1. You already conquered the
toughest one - facing the truth 3. As you begin to make money
that you are the one responsible profiling real estate investing
for your own actions. properties for others, don't
spend it! (hey, you were living
Congratulate yourself for this without income before - stick
(yes, go to the mirror, right now with that, for awhile - it will
and tell yourself pay off soon!)
"Congratulations! You understand
that you are the one responsible Put that cash away in a safe
for your actions! You have taken place (a bank account would be
the first step in real estate good - put it in a debit card
investing!") with a major credit card logo -
that establishes credit FAST!
2. Start profiling properties for
other investors. You have taken To skyrocket your credit, take
the toughest step (you did #1 the steps detailed in The Lazy
completely, didn't you? If not, Investor's Guide to Raise
DO IT NOW!) Capital, Build Credit and Wipe
Out Debt. all the deals you can for
yourself and sell off those you
4. Look for real estate investing can't to other investors, you
deals for others, but now that make plenty of income to begin to
you have a bit of cash, look for take on even bigger real estate
other real estate investing deals investing deals.
for yourself. One of my favorite
things to do with a bit of cash The Lazy Investor's Guide to Real
is to work Lease Purchase real Estate Investing is the right
estate investing deals. thing for you. With this, you
start to make more creative real
Now, they don't always require estate investing deals, with more
it, but you will find a lot more cash staying in your pocket.
real estate investing deals to
work if you put a small amount That is what you want, isn't it?
down (I'm talking $10 or $100
most of the time - which is the That's it for now on this
legal minimum in most states). question - oh, as for the 'no
car' and 'IRS troubles' part...
Depending on the deal, you might
put $1000 on it. After you make some cash, buy a
bicycle, then a scooter or
See my website for more on how to something, then a car - to really
make tons of cash from this start, you may have to actually
powerful real estate investing WALK around to find real estate
tool (yeah, it is my absolute investing deals at first...
favorite real estate investing
method!). If you don't like that answer,
re-read #1...
5. Now, you are on your way! Make
IRS problems - you got yourself later....
into them, do what it takes to
get out of them! Use some of that Happy Real Estate Investing,
cash you are making from real
estate investing to pay off the Steve Majors - The Lazy Investor
bill and get on with your life!
P.S. Do you have a friend that
You can often negotiate with the needs to hear this for
IRS to either get a payment plan themselves? Pass this message
or drop the total bill. You might along! Send the link where you
want to check out The Lazy saw this to everyone you know!
Investor's Guide to Sales,
Marketing and Negotiation if you P.P.S. This isn't all I have to
need skills in this area. say about this real estate
investing topic (or many others
Do this, or choose to live in you have asked about at
fear and hiding the rest of your http://AskSteveMajors.com, so
life... stay tuned... In the meantime,
why not check out all the tools
If you don't like that answer, you need to make real estate
re-read #1... investing happen in your life...
OK, I'm done on this one - more
About the Author:
Steve Majors - The Lazy Investor. Profit from Real Estate Investment articles, real estate investing information and news from one of the most creative investors on the planet ~FREE MEMBERSHIP & real estate training course~ http://SteveMajors.com
Source: www.isnare.com
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