Hi everyone! I've just started with DG, finished reading his book (for the 1st time, probably will read it about 6 more times!). I have started canvassing real estate agents & mortgage brokers, working on my buyers list, etc. but,,,, I've been eyeing investment properties in the area before even purchasing Dean's book and within the last week a gorgeous 3 unit / 2 car garage property came up for sale. The property has rental income of $2550./mo with "owner finanacing" available! The asking price is $245,000. Now I may be new at this, but this sounds like a no-brainer. I may be jumping the gun here, but how do I approach the owner and/or agent with a proposal to walk into this property with no money down on my part?
Now maybe a little background is needed. I've been unemployed since Dec. of last year and recently (in the last month) was diagnosed with congestive heart failure. Putting me out of the work force for at least a year, if not more. Right now I'm without unemployment because now I don't qualify and it may be anywhere from 6 weeks to 6 months to find out if I qualify for any state or local assistance. Which I don't want to be on! My goal is to purchase investment properties (multi-family units) with a positive cash flow to build up my monthly income. Now I know I'm skipping the part where I do some assignments just to get cash coming in, but I'm afraid by the time I get a few of those under my belt this opportunity will be gone. Any suggestions and/or direction on how to accomplish this? I can't afford DG's academy right now, so I am looking for a mentor if any are available?
Thanks in advance for any and all help!