What's In It for Me

What's the catch?

As soon as somebody promises something for free, people's initial reaction is: Nice. Now, tell me,

what's the catch?

After all, I am claiming that you can actually acquire a completely new apartment without having to reach for your wallet. And that is a pretty important statement, don't you think?

Rest assured, there is no catch!

This idea is viable, practical and very lucrative. All it asks from you is persistence, patience and a bit of persuasion. It is an interesting and highly creative idea. You may ask what my motives are for sharing this idea with you when I can keep the secret to myself and grow richer with every new real estate property I acquire.

You may also ask me how this can be tempting when the real estate market is slow. But trust me on this one, the recession makes the idea even more lucrative.

So, what is this all about?

Many people all over the world live in rented apartments and must pay rent on a monthly basis. If they miss a payment, they will be forced to move out.

Many people live in their apartments, but are forced to pay off bank loans for the next 20, 30 years. If they fail to pay them, the bank evicts them and gets the apartment.

This idea gives these people a chance to get something they never had: their very own home, or even better, many homes.

I am driven by ambition, not greed. I am driven by the desire to give you the opportunity to accomplish financial independence. That is why I decided to reveal my long-kept secret and share it with you, my readers.

There is a quick and proven way to earn an apartment, so why not try it? What can you lose? Nothing, except maybe a bit of your time.

But what can you gain? An apartment. Your apartment.

Have the apartment, your apartment, without dishing out your hard-earned money or relying on loans. In today's society, this is both difficult and rare.

There is a way, and you will be among the few who will read all about the idea and be amazed by its simplicity.

This blog doesn't ask for investments, so the only investment you will be making is the investment in yourself by buying this blog.

The amount of money you will pay is peanuts compared to what you will gain.

A detailed, step-by-step guide on how you can earn yourself a real estate property without investing money or asking for loans of any kind. 

So, let's stop tiptoeing around the idea and cut to the chase.

Hint: it all starts with real estate ads!

Dance Your Way to Real Estate Success

Since this is Tom's story, it is only natural that I tell you how Tom managed to take the idea he had scribbled on a piece of paper and turn it into a viable plan.

Tom didn't hope for a miracle. Tom was aware that hoping is only for lazy people, so instead of hope, he opted for action. He created his own miracle.

The Real Estate Success Story

Every success story starts with a desire for change. A change for the better. Hopefully, so does yours.

But before you start writing it, I think it is a good idea that you read the success story of the mastermind behind this groundbreaking idea. Learn the idea by yourself, then earn yourself a piece of real estate.

This is Tom's story.

By the time Tom was 36, he owned 16 residential real estate properties. All of these real estate properties were in Tom's name. Most people can only dream of having a single piece of real estate with the documents in their name, let alone 16 by the time they are 36.

How did he achieve all of this? - With the power of a single idea.

Tom wasn't born with a silver spoon in his mouth, he didn't inherit any real estate. He didn't marry a millionaire, nor did he win the lottery.

He didn't rob any banks and he didn't con people into signing their homes over to him.

Tom did all of this on his own.

In the beginning, Tom was just an ordinary guy with many problems on his mind!

When Tom was 22, he had just earned his college degree and had high hopes and dreams. He dreamed of working in a highly successful company, driving a nice car and owning a nice apartment, which he hoped to turn into his own man cave, his bachelor pad.

However, it turned out that his dreams were only dreams.

Even though he excelled in college, he had a hard time finding a job in a top-notch company. So, he found a regular 9 to 5 job, which was barely enough to cover his rent, food and travel expenses.
Two years later, Tom still wasn't living the life he had always wanted.

Instead of a nice, fast car, he had to rely on public transport.

Instead of a man cave of his own, he had to settle for a rented apartment.

The apartment he lived in didn't feel like home. The bed he slept in wasn't his. He hated the kitchen tiles and the posters on the walls.

He wanted his home to reflect his personality.

But how could he invest in it and decorate it to suit his taste, when this wasn't his apartment? Why go through the trouble?, he thought…

Tom was desperate and felt miserable about his living situation. He was extremely bothered by not being able to save money and the constant struggle to pay the rent and bills. The fear of being evicted caused him many sleepless nights.

He asked himself, is there any way out of this situation? Is there something I could do to improve my financial situation? Is there any way or chance of having my own apartment during my lifetime?

One day, he had had enough. He decided to go straight to the bank and make an inquiry about real estate loans.

Once again, he was filled with hope.

His hopes were completely crushed when he learned that the bank rejected his request for a loan due to his $100,000 debt in student loans. Even if he were to take out the additional real estate bank loan, he would need 35 years to pay it off, provided that he had a steady job and the economy picked up speed.

He was ready to throw in the towel when he saw the newspaper. An article had caught his eye: The real estate business takes quite a beating by the recession!

In that very moment, a light bulb switched on in his mind.

He wrote his idea on a piece of paper, briefly went over the most important aspects, and by his next birthday, he got himself the perfect present: an apartment with his name on the front door and on the papers, too. No mortgage and no loans!

Tom's story is a real Cinderella real estate story, except that he was his own fairy godmother and the magic didn't dispel after midnight.

All he needed was an idea. After all, the greatest inventions in humankind were preceded by ideas. A ubiquitous idea, an idea that can be applied in most of the world's countries. An idea that you will learn in the pages of this blog.

Getting your own Real Estate without any payment or loans

Sometimes, an idea is more valuable than money, especially if this idea can get you an apartment, for

free. And, the possibility of acquiring many more apartments, also for free!

Without investing any money! 

I know it sounds unbelievable, but it is completely true!

Before you start reading all about this idea, let's hear the story of Jimmy, a poor guy with a big dream. He took a 3-step plan and got his new apartment in only 9 months for FREE!

Introduction

For most people, the process of purchasing a dream home is hard. It becomes even harder when you know nothing about the real estate market, have a low-paying job and don't have a single dime to invest in a property. The situation gets even worse in a really slow market.

That is why this blog will not bother you with strategies on how to hunt and buy inexpensive real estate, then sell it to the highest bidder. This blog will not include the word buy anywhere on its pages.

This blog actually tackles the unique idea of earning real estate properties without investing money in them. And all this without being taken to the cleaners by taking out a bank loan.

I used the word earn on purpose because you will earn these properties fair and square, although this surely doesn't imply building them with your own two hands.

Yes, you read it right: an idea worth one or many residential real estate properties for free, if you are ambitious enough.

My strategy for the endeavor is called a win-win strategy. A strategy that leaves you with a real estate property in your name, a sense of accomplishment and a clean conscious. My idea is 100% legal and it is not based on any frauds.

But first, you might ask, why Samba?

Well, to me, Samba represents a dynamic flow; it is the energy that makes you feel alive, that moves you, that prompts you to think about perpetual sunshine, carefreeness, summer leisure.

If you decide to take on this Property Samba Project, you will surely feel this vigor that stems from tropical dance. You will learn how to get not one, but many apartments which you can sell, or even better, rent and use as a ticket to your place under the sun.

Property Samba can and will take you to your place under the sun. In an enjoyable, passionate, fun way, you will discover the optimistic future that lies on your path to real estate success.
And one day, you will wake up in a place where the sand is pearly white and the sun is shining high on the horizon, matching your energy.

Samba will enable you to earn many real estate properties, properties which you can rent to finance a comfortable lifestyle, in a place where coconuts grow on trees, not in supermarket isles.
Or, if you feel a bit restless, you can actually start your Property Samba Project in countries where the word winter is non-existent in the local dictionary.

So, let's dance Samba to your real estate success, shall we?

Useful Definitions in the Mortgage Industry

Useful Definitions

Appraisal
A written justification of the price paid for a property, primarily based on an analysis of comparable

sales of similar homes nearby.
Bank Charge
Charge and fees of bank for providing mortgage financing.
Borrower
The individual that is listed on the loan application.
Broker Charge 
Charge and fees of broker.
Co-borrower
An additional individual who is both obligated on the loan and is on title to the property.
Contract price
The price written on a legal contract agreement, which the buyer agrees to pay to the seller.
Closing Costs
All closing cost and fees paid by a borrower at the time of closing.
Down Payment
Difference between purchase price on a legal contract and loan amount.
Escrow
Amount inserted to the escrow account, which will be applied as taxes to make up for the missing months from the closing until the due tax bill.
First Month Payment
This payment is for the interest on your loan from the day of your closing until the first day of the next month.
HUD-1 Settlement Statement
A document that provides an itemized listing of the funds that were paid at closing. The HUD1 statement is also known as the "closing statement" or "settlement sheet."
Homeowner's Insurance
An insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents.
Loan Amount
Amount of money a borrower receives from bank at closing.
Loan-to-value (LTV)
The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).
Loan Servicing company
The company that collects the monthly mortgage payments for the bank.
Loan Term
Is the amount of months you will repay the loan.
lock-In
An agreement in which the lender guarantees a specified interest rate for a certain amount of time at a certain cost.

Mortgage

No cash-out refinance
A legal document that pledges a property to the lender as security for payment of a debt. Instead of mortgages, some states use First Trust Deeds.
A refinance transaction which is not intended to put cash in the hand of the borrower. Instead, the new balance is calculated to cover the balance due on the current loan and any costs associated with obtaining the new mortgage. Often referred to as a "rate and term refinance."
Note
A legal document that obligates a borrower. Four components (Principal - Interest
^{Taxes - Insurance) of housing cost that isPITI Amount} combined in a single monthly payment that is paid by borrower.
Principal/Interest
The original amount of money borrower, which is paid back with interest.
Refinance
To redo your mortgage for any of the following reasons: to obtain a better rate or mortgage term, to obtain cash out of the deal for debt consolidation or home improvement.
Subject Property Address
The property on which the loan is applied
Title
The legal rights of ownership and possession evidenced by a legal document. A legal title empowers its holder to control the property and serves as a link between the titleholder and the property itself.
Title Charge
Charge and fees of title insurance, government and recording fees.
Taxes/Insurance
The monthly payment to cover 1/12th of annual property taxes and insurance premium and is kept in escrow until due for payment.

Mortgage Calculator

This Mortgage Payment Table will allow you to estimate your monthly principal and interest payments for any fixed interest rate mortgage. You can't reliably use the chart to calculate the monthly payment for an adjustable rate mortgage, except for the initial period; after that, of course, the rate, the term (and the payments) will be different.

Scan down the interest rate column to a given interest rate, such as 8.875%; then follow across to the payment factor for either a 15 or 30 year term. Multiply the factor shown [10.07 for a 15 year; 7.96 for a 30 year] by the number of thousands in your mortgage amount [such as 235, when the loan amount is $235,000], and the result is your monthly principal and interest payment.

In our example, with a loan of $235,000 and interest rate of 8.875% for 30 years, multiply 7.96 X 235 = $1870.60 per month.

Mortgage Calculator

This chart covers interest rates from 8.875% to 2.5%, and loan terms of 15 and 30 years. Interest 15 Year Term 30 Year Term Rate % Monthly Payment Monthly Payment Interest 15 Year Term 30 Year Term Rate % Monthly Payment Monthly Payment
8.875% 10.07 7.96
8.75% 9.99 7.87
8.625% 9.92 7.78
8.50% 9.85 7.69
8.375% 9.77 7.6
8.25% 9.7 7.51
8.125% 9.63 7.42
8.00% 9.56 7.34
7.875% 9.48 7.25
7.75% 9.41 7.16
7.625% 9.34 7.08
7.50% 9.27 6.99
7.375% 9.2 6.91
7.25% 9.13 6.82
7.125% 9.06 6.74
7.00% 8.99 6.65
6.875% 8.92 6.57
6.75% 8.85 6.49
6.625% 8.78 6.4
6.50% 8.72 6.33
6.375% 8.64 6.24
6.25% 8.58 6.16
6.125% 8.51 6.08
6.00% 8.44 6
5.875% 8.37 5.92
5.75% 8.31 5.84
5.625% 8.24 5.76 5.50% 8.18 5.68 5.375% 8.1 5.59 5.25% 8.03 5.52 5.125% 7.97 5.44 5.00% 7.9 5.36 4.875% 7.84 5.29 4.75% 7.77 5.21 4.625% 7.71 5.14 4.50% 7.64 5.06 4.375% 7.58 4.99 4.25% 7.52 4.91 4.125% 7.45 4.84 4.00% 7.39 4.77 3.875% 7.33 4.7 3.75% 7.27 4.63 3.625% 7.21 4.56 3.50% 7.15 4.49 3.375% 7.09 4.42 3.25% 7.03 4.35 3.125% 6.97 4.28 3.0% 6.91 4.22 2.875% 6.85 4.15 2.75% 6.79 4.08 2.625% 6.73 4.02 2.50% 6.67 3.95