cover of episode 106: How to Do 100+ Deals Without a Bank (While Raising Unlimited Funds) with Mike Sumsky

106: How to Do 100+ Deals Without a Bank (While Raising Unlimited Funds) with Mike Sumsky

Publish Date: 2015/1/22
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>Is it possible to build a large real estate business without the use of banks? Our guest today, Mike Sumsky, shows us that it’s not only possible – but can be incredibly beneficial! Mike has done well over 100 deals in the past several years using a variety of creative finance methods and shows you how you can do the same.</p><p>Listen for great tips on obtaining private money, finding deals by knocking on doors, and other innovative strategies for building your real estate business. Whether you want to overcome a lack of funding or you just want to explore creative ways to raise capital, this is an episode you don’t want to miss!</p><p>In This Show We Cover:</p><ul>
  • Mike’s thoughts on creative real estate investing
  • How he got his first properties
  • Investing while losing a job
  • The beauty of taking action without knowing everything yet
  • How to get your first deal from knocking on doors
  • The anatomy of a short sale
  • Tips on applying for a bank loan
  • How to learn while doing
  • Closing on a house with less than 5 thousand dollars
  • What “Subject To” type deals are
  • Everything you need to know about private money
  • How to become “the prize” in each transaction
  • Plus MUCH more!
  • Links From the Show:

    Books Mentioned in the Show

    Connect with Mike

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