Looking for somethig on codes I came across this site.
http://www.freedreamhouse.com/
Kind of rolls all the the Owner Builder, Real Estate Investment, No money down deals into one package.
“The ONLY Website in the World That Teaches You How to
Order Your Brand-New, Custom-Built Dream House,
Paying an Average 42% LESS Than You Could Sell It For…
On the way to supervise my latest construction project…And If You Follow These Techniques Precisely,
Your New House Could Cost Absolutely Nothing!”
“Time to Ask the Experts
I interviewed many real estate professionals from all phases of the industry to get answers. Nobody knew how to do everything I wanted. I’d get partial information from one group, more information from others. That’s when I started noticing a pattern in the advice I was getting:
*
General Contractors do know how to hire subcontractors to build a house for 50-60% of the selling price… because that’s their job; but they don’t know how to obtain funding to pay for the construction costs. They get that money from their clients.
*
Mortgage Brokers do know how to get no-down-payment loans that pay for construction projects… because that’s their job; but they don’t know how to build a house. They leave that to the General Contractors.
*
Real Estate Agents do know how to buy property at big discounts… because they can “grab†the best deals before they ever reach the marketplace; but they don’t know how to structure a financing deal, so that the buyer doesn’t have to make payments. That’s not their concern… the broker steps out of the picture once the sale is completed.
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Real Estate Investors do know how to structure financing deals so that they can buy property without having to make ANY payments out of their own pocket, because that’s their business; but they don’t know how to find discount property to build it on… they have to rely on brokers or agents to get them property, usually at premium prices.
Using all of this new information, I sat down and charted a plan, combining the best techniques of all four groups of real estate professionals. When I was done, I couldn’t believe my eyes. I double-checked it, then triple-checked it. But it was true… in front of me was the Build Your Free Houseâ„¢ system. :”
I thought that it was “interesting” to say the less.
Not saying that it can’t be done. Because I think that Tim’s deal with the “free lot” might follow this pattern.
But what percentage of deals would something like this work out on. One out of 10,000,000? One of of a billion?
Replies
Sounds to me like that ditty going around for yeaars that proves that nobody works at all
Welcome to the
Taunton University of Knowledge FHB Campus at Breaktime.
where ...
Excellence is its own reward!
guess you and me are just stoopit for working our butts off.....coulda just gotten all them houses for free with no work.
I feel like such a loser. ;)
Let the beauty of what you love be what you do. ~ Rumi
I hasbeen a contractor, I is a real estate broker, I is a real estate investor, and, contrary to what you posted, I is pretty familiar with financing in both the primary and secondary loan markets...
AND I is still working...
Boy am I stupid.
(Alright! You don't have to agree so quickly!)
I'm thankful for the loyal opposition! It's hard to learn much from those who simply agree with you.
I try to be helpful without being encouraging.
Edited 4/10/2005 4:13 pm ET by Hasbeen
LOLI is a HO DIYI wish I had known before this that the markup on homes is 40-50%. I just quiver at the thought of all that money Ihave left on the table. Just think, 50% for the seller markup, 20% less on the land cost, take 10% on the materials discount, and if I'm sharp, I can learn to bargain down the subs who do the work by 20% Hmmmm...50 + 20 + 10, + 20 = 100% Holy Cow! I could have build my house for nothing
Welcome to the Taunton University of Knowledge FHB Campus at Breaktime. where ... Excellence is its own reward!
And done no work at all...
and all I got was this lousy mortgage!I'm thankful for the loyal opposition! It's hard to learn much from those who simply agree with you.
I try to be helpful without being encouraging.
Did you notice that the very first sentence on the page is a lie?
The ONLY Website in the World That Teaches You How to
Order Your Brand-New, Custom-Built Dream House,
Paying an Average 42% LESS Than You Could Sell It For...
The page teaches nothing.
It's not much of a site, a mainpage,a "request" page, and and "Affiliates" page. Now they may link else where, I just searched the main page source for links.
SamT