Celebrity Jay “Mr. Real Estate” discusses “How to Buy or Flip a House with No Money!” #JayWay Vol. 1

21

Jay Morrison Real Estate Partners, LLC

At Jay Morrison Real Estate Partners, we provide a Streamline Asset Management and Acquisition program to equip more Mid-to- High Profile Clienteles with the essentials required to invest in the GREATEST ASSET OF THE WORLD, REAL ESTATE!

Feel Free to visit http://www.jaymrrealestate.com/ for your FREE WEBINAR!!!!

Jay Morrison Academy

My Academy is for the aspiring entrepreneur, who is looking for an actual blueprint to make money in real estate. If you don’t like hard work, then the 12 months it takes to complete our courses will be a total waste of TIME and MONEY. If you work your butt off like your family’s LEGACY depends on it, then you will learn how to build wealth and achieve financial freedom through real estate. I am so happy I can finally say, “I did my job.” My team and I have created a vehicle for people like you, who are coach-able and hungry to improve themselves, to learn the cornerstone of wealth in America.
OPEN ENROLLMENT for the Jay Morrison Academy will begin on December 1, 2015 so please be sure to visit http://jaymorrisonacademy.com/ to sign up for the waiting list.

Young Minds Can

To organize like-minded individuals of all ages, races, nationalities, regions and religions who empathize with and advocate for the advancement and freedom of African descendants whose ancestors were kidnapped and enslaved in America (New Africans).

Please visit http://joinymc.org/ to join our email lists for the latest events!!

FOLLOW ME:

Twitter: https://twitter.com/MrJayMorrison

Facebook Fan Page: https://business.facebook.com/JayMorrisonFanPage?ref=hl

LinkedIn: https://www.linkedin.com/profile/view?id=AAIAAALSmIQBSI2ledmqg1e16EaQgDGijM7HZBg&trk=nav_responsive_tab_profile

Instagram: https://instagram.com/mrjaymorrison/

14 COMMENTS

  1. hey Jay real estate i need you to contact me our company would like to buy all your short sales and make you some more money i see you getting money bu t what about making more money conact asap 516-655-.6887

  2. Jay,

    you give some great advice. I'm 15 and your videos have been a great source of knowledge and your story a source of inspiration. I just have to point out that you're leaving out some other ways to finance deals without money.

    1. Owner Financing- This is when the seller becomes the "bank" and you pay money directly to the seller instead of receiving financing from a bank/hard money lender. This works especially for retirees that just can't find someone to buy or anyone that truly is a motivated seller.

    2. Subject To- This is when the seller deeds you the property and you pay off the existing mortgage. This is great because you can pay off the sellers existing financing while renting out the property to a tenant, thus improving the sellers credit, creating residual income for you in the form of rent (this is tax-free income because of depreciation), and you pay a lower interest rate because investors pay higher rates than regular home owners.

    3. Lease Option- This is when the seller leases you the property with an option to buy for a predetermined amount. You then have the right to rent out the property to a tenant and give them a lease option where the price is higher amount then what you negotiated with the seller.

    4. Transactional Funding- This is when you have the seller (preferably a motivated one) under contract for a low amount and then you get another buyer under contract for a higher amount. You don't need a loan for this and the key is to close on the same day or preferably within 2-4 days. YOU DON'T DO ANYTHING AND YOU WILL MAKE MONEY! It's a relatively new aspect of wholesaling homes. 

    I'm not saying getting someone else's money is a bad idea, but you certainly don't want to risk losing someone else's capital when these options are available!

    Just sayin,

    John

  3. hes def right i forgot the name of the show on HGTV but thats what most of the house flippers do they got a money person that funds thier projects ….

  4. To ALL, who are trying to change their situation and you have stumbled across Mr. Jay Morrison's info or videos here on youtube or anywhere else:

    Follow what he says, do what he says, watch and learn what he says and watch your life situation change before your very own eyes. This is not magic, this is work, faith and education.

LEAVE A REPLY

Please enter your comment!
Please enter your name here