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After 45 years of real estate investing success you can count on following Jack Miller’s real estate philosophies, strategies and techniques to guide you to success too.
One thing Jack has been preaching for the 33 years that he has been teaching seminars is DON’T GO TO THE BANK TO BUY ANYTHING. REPEAT – do not go to the bank. ( bank is a bank or a mortgage company or any instutional lender)
Peter Fortunato, another very successful investor, says don’t go to the bank to buy anything.
Who are you going to listen to? The investors who have been in business 20, 30, 40 years or the new guru on the block?
There are so many other ways to buy houses, mobile homes, mobile home parks, land, anything.
Seller Financing ( 100’s of ways to structure that)
Private Lenders
Hard Money Lenders
Lease/Master Lease
Lease Options
OptionsThe market is perfect for getting this kind of creative financing.
Even with mobile home parks, Jack would say don’t go to the bank!
Sure, going to the bank would be the easy way to get financing sometimes.
As mortgage companies tighten up there lending criteria, it will become harder and harder for non-owner occupants to get loans.
You’ll never develop the skills of structuring creative offers if you resort to going to the bank all the time.
So work on developing your deal structuring skills instead of going to the bank to buy anything.
When you’re facing a deal, just ask yourself, What Would Jack Do?
(that’s what I do)The lessons in CREWealth will help you learn what Jack would do.
Jackie Lange
I just watched Lesson 3 of the Foundations of Wealth — check it out.
Jack talks about why you should not go borrow money from banks.
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