As what was mentioned in the previous post,
Tom's story is just the beginning. As you read it, I am sure you shook your head in disbelief or maybe even revolted out loud.
You screamed words like "outrageous," "impossible," "that could never work," etc.
But you are wrong. It can work. It works.
The plan may be simple, but it is ingenious:
Find a seller who has a real estate property listed on the market for a long period of time. The property needs to be large (like a land lot or an older house) and offer the possibility of building several residential apartments on it. Convince the seller to accept apartments instead of money.
Find a developer who is willing to build or renovate the property in exchange for apartments. Made an obliging legal contract with all the parties involved.
Make sure to do the math properly so that you will end up with at least one apartment, which will be yours to keep, with your name on the documents and the front door.
When you read it like this, it sounds too good to be true; it sounds unrealistic.
However, when you bought this blog, you hoped that it would teach you how to earn an apartment without having to buy it with your savings or having to ask for loans, so I am determined to keep my promise and live up to your expectations.
In this blog, I will explain to you, step-by-step, word-by-word, everything you need to know to make it work!
I will tell you how to hunt for real estate properties with potential for building multiple apartments, or how to find houses that can be subdivided and converted into smaller flats.
I will tell you how to determine if the location will be interesting to developers or not.
I will also cover the part about how to calculate how many apartments can be built on the land lot or converted from a single house.
You will need to know how to do the math properly and see if the real estate property has good potential or not.
If the land lot or the house are smaller and offer approximately four apartments or less, there is a great chance that the whole endeavor will be unsuccessful in terms of getting an apartment for yourself.
I will tell you all about the powers of persuasion. You will need to do learn how to motivate people to get the owners and developers to see the vision you have in mind.
I will instruct you on how to obtain a copy of a legal contract and explain why it is of an immense importance to protect your legal interests.
Next, I will talk about where to look for a developer and how to choose the right one for the job. Most of the time, the best developers in business are extremely busy, so getting their attention is almost impossible.
But if you offer them the right deal, they will be happy to jump on the bandwagon.
One chapter of this blog will be dedicated to the different variations of the endeavor, and I will also thoroughly analyze the benefits for all parties included in the plan.
These benefits will serve as your strongest asset in terms of persuasion. Since this is a business plan that involves no money, you will need to study hard and offer all of the parties in the deal something that is too good to turn down.
In the beginning, you will only be armed with your words and your determination. Make sure that you have all the information you need and an attitude that shows that you won't take no for an answer.
Now, let's start paving the path to success, step-by-step.
First stop, hunting for a real estate property and an owner who shares the same vision as you.