Ini OluAlakijaInstagram

Follow and Comment "EIN" to get the FULL Walkthrough Follow @thelifeordebtshow

1:38English(auto-generated)7 segments249 words · 1 min read

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TL;DR

Learn how to leverage government programs to buy seized properties and generate rental income while helping families in need.

government seized homesbuying bank seized propertysection 8 rental incomebusiness credit card financingrefinancing investment propertiesHAP contract for rentreal estate investment strategiesaffordable housing resources

Chapters

  1. 0:00Introduction to Government Programs
    01
  2. 0:10Finding Seized Properties
    02
  3. 0:30Financing Your Purchase
    03
  4. 0:50Refinancing and Cash Flow
    04
  5. 1:10Understanding Rental Payments
    05
  6. 1:30Next Steps and Conclusion
    06

Transcript

0:00

A lot of people don't know this. The government will pay you $3,000 a month guaranteed but you have to buy a $40,000 government seized home. Here's 5 places to buy bank seized property for cheap. Foreclosure.com, Auction.com, Equator.com, Zome.com, and RealtyTrack.com.

0:22

Use these filters. Price has to be under $40,000, under 1,500 square feet but it has to be 3 plus bedrooms and then make sure that it's section 8 approved. Then buy it with a $20,000 business credit card at 0% interest. Let's say it appraises at $65,000 after a light rehab.

0:37

Let's say it appraises at $65,000 after a light rehab. Refinance it using a DSCR loan. You get to pull out 75% of the appraised value, that's $48,000 back in your pocket. All off of $20,000 of OPM. Then go to huduser.gov and affordablehousing.com.

0:54

Then go to huduser.gov and affordablehousing.com. This shows exactly what the government will pay you for rent. They pay the most for 3 plus bedrooms to house their section 8 tenants. All you need to do is find the right zip code and fill out an HAP contract.

1:12

Help a family in need. Then you just want to repeat it. Take the money from the refinance, buy more seized properties and then stack your cash flow. If you have a minimum 540 credit score along with an LLC and EIN, I can walk you through how to access $250k of business credit while using a trust to maintain your privacy.

1:33

And all you have to do is comment EIN right here. I'll send you the full walkthrough.

1:36

I'll send you the full walkthrough.

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