Real Estate Acquisition With Poor Credit/Finances

1) I've applied at several mortgage banking firms and bought every real estate program available and have always been very disappointed. What's so different about this?
There are three major differences in what we're offering. 1) You are not required to have any financial resources, credit worthiness, collateral, etc. 2) It doesn't matter what the real estate market is like in your area. What you'll be shown doesn't require you to be in a depressed market in order to work nor will you be forced to focus on properties that are run down or for sale at 50% of their value.
3) You'll receive direct one-on-one consultation/mentoring with a true professional. With other programs you're usually stuck with a customer service representative or loan officer who has very little or no real direct experiences in the creative real estate business. They may tell you differently, but most often they learn their information from books and other materials--not from direct experience.

For further information on this question see the Further Information section.

2) What do you know about those real estate programs that say they'll let you use their money to purchase properties then split the profits 50/50 with you once the property is sold?
We are very familiar with these programs. First off, you'll have to focus strictly on deeply discounted properties usually 30% to 50% under market value, which can make locating property very difficult in many areas. Even when you find such deals you'll have considerable competition from other investors with cash on hand for an immediate purchase. In addition, you'll be restricted to locating properties fitting someone else's criteria and will not be in any position to build an inventory of homes for yourself while building monthly residual rental income. Too often the only one that wins with these programs is the company or individual selling the program.

3) Where does Manny secure the financing to help me
acquire the real estate?
Since Manny started helping others acquire real estate years ago, he has built solid business relationships with several alternative-financing sources. Several different combinations of financing strategies have been perfected creating numerous opportunities to acquire real estate for home buyers and investors which simply do not exist in the normal mortgage banking industry. Because of Manny's track record of success various funding sources seek him out eager to offer financing for his clients (YOU).

4) I live outside of the United States. How will this work for me?
Several transactions have been completed internationally. The only major difference is your communication. You will still have telephone consultation, however, the phone call expense will obviously be greater. To help with this problem, if you wish, you can communicate through e-mail. However, please be aware that any communication must be in English.

5) I have really bad credit; in fact, I have a bankruptcy and a foreclosure on my credit history. Can this program really help me?
With our no credit program you can acquire a property. Eventually, we like to work our customers into regular bank financing. For our customers with bankruptcies and foreclosures we'll simply structure their transaction to be more compatible with their individual circumstance. However, if you have a major judgment this will affect our ability to move you to permanent financing at a later date. If you're in this position, please call us.

6) Will I receive help negotiating directly with the property seller?
Yes! This is one of the major advantages you'll have. Transactions will be negotiated directly with the property seller to help you acquire the property.

7) What kind of interest rate will I be charged?
As low as 8% and it's not market driven. But, it can vary some depending on the type of property, property obligations and other factors. However, an equally important priority for Manny is to arrange a monthly payment his clients can afford.

8) What types of properties are most suitable?
Rental properties, vacant homes, mobile homes, land. Generally, secondary properties owned by individuals work best.

9) As an Investor, how many properties can I acquire?
This depends on how ambitious you are. Manny has submitted 16 proposals in one week to 16 different owners and acquired 9 of those properties. By using Manny's methods, imagine the number of properties you can acquire in just one year. Keep them for rental income, or "flip" each property and walk away with thousands of dollars when you sell the property.

10) Can I acquire a home for my family?
Yes! If you can afford to pay rent, you can afford a home.

11) I'm self-employed and can't prove my income.
Will this work for me?
Absolutely! Manny has several alternative-funding sources he works with that require no income documentation.

12) Once I find a property I'm interested in what do I do?
Simply supply some basic information about the property or properties. The proposal(s) will then be drawn up for the property seller and the transaction will be negotiated for you.

13) How fast can I acquire a property after I get started?
Manny has several clients that have acquired property in 48 hours. He's even had some clients acquire property in one day. However, the average length of time is a few weeks.

14) As an investor, can I acquire commercial properties?
Yes, several arrangements have been made for clients to acquire commercial property with very minimal down payments.