Transcription
So, I've been debating about posting this for a while now, and honestly, I've been gatekeeping this for [music] years and years and years. And if this video blows up, I'm going to delete this video within 24 hours.
[music] So, listen up before I delete this video. You can buy a house without a bank. Don't pay a realtor. Don't pay a mortgage broker 20 grand of closing costs. You don't [music] need credit. You don't really even need any money. You can buy a house, be the owner of a house without using a bank, without a mortgage, or any money down.
[music] Now, everybody in the real estate industry, all the professionals, don't want you to know this. They don't get paid. You save all that money by just owning the house without paying any [music] fees. It's called mortgage takeover. And let me show you how to buy a house without a bank, without any fees, [music] no gatekeeping.
So, literally go to Zillow and choose the house of your dreams. Like, [music] just pick a house you want to go live in. This one looks pretty nice right here. All I want you to do is find the realtor on record right here, so this is their phone number. And I want you to call [music] and offer to buy their property. Obviously, they're going to say yes.
Now, you're going to say, "Well, I don't want to buy it for cash. >> [music] >> I want to buy it with payments." They'll be like, "What's payments? How about I just take over your mortgage and either give you a little bit of money or no money depending on their equity. And they deed the property over to me, and I [music] take over the mortgage payments, and they put the property into a trust." That is known as a trust takeover.
They can also find a seller that just owns the house without a mortgage. Ask them to be a bank. So, how about you're the bank? I will give [music] you a little bit of money down, maybe 500 bucks, 1,000 bucks, maybe $0. I pay you per month, and we do terms for 20, [music] 30 years, or you can even do a balloon. My favorite is the trust takeover. If they put it in a trust, they can't [music] call the loan due. Under Saint Germain Act, you pay the mortgage, you take over their 4% interest loan.
Now, I got a mortgage at a 4% interest rate, and you most likely don't even have to spend any money [music] down. Go with for sale by owners, failed listings, they're all over Zillow. Now, you bought a house without a bank, without paying anybody.
Now, if you want to get the trust documents and exactly how to buy a house without a bank for you to actually live in, [music] comment the word dream, and I'll send it all over to you.