Many investors are ‘stopped’ from getting into the market, because they don’t have a deposit.
This has never been a problem for Nhan. In fact, he’s done over 20 deals….often with none of his own money down.
For example, here’s a deal he did in 2009.
“In 2009, I came across a block of land in Bulimba, about 4km from the Brisbane CBD, and decided that it would be an excellent site to build a house. I knew the market well and, being an upper market area, knew houses were selling for about $900,000.
“I bought the land for $350,000 and built a house on it for $300,000, with an extra $50,000 required for stamp duty and other purchasing costs.
I got the upfront capital needed by getting an investor friend to put up $150,000 equity as a deposit and I borrowed the rest from the bank.
“By the time the house was completed the GFC had hit and the market was pulling back a bit. We didn’t get $900,000, but still got $840,000 and plenty of profit.”
Here’s how the numbers worked for Nhan.
Purchase price: $650,000
Extra costs: $90,000
Money down: $0
Sales price: $840,000
Profit: $50,000 (50/50 share of $100,000)
Now, you may say $50,000 – that’s not that much!
But, that’s profit in Nhan’s back pocket – how long would it take you to save $50,000?
And think about this – if you can turn 0 into $50,000 what’s your return on investment?
It’s effectively an ‘infinite ROI’ because you’ve put $0 into the deal.
Plus, your risk is lower too, because you’re utilising other people’s money.
The truth is, you can possibly build vast wealth putting these sort of ‘win/win’ deals together –you just need to know how.
The good news is Nhan, will show you how to do these types of win/win deals at his new free event.