Mark Elkins Bio
In real estate circles Mark Elkins is known as the No Money Down Maestro. He is an entrepreneur who focuses on buying investment property. He has become a master at getting any property he buys with no money out of his pocket.
He has been focusing full time on real estate investments since 2004. On his very first deal that year he made a profit of $130,000. Not only didn’t he put any of his own money into the transaction but he also got $27,000 in cash back at closing. On his second property his profit was $80,000.
During Mark’s adult life he has worked in various businesses. Initially he was in sporting goods. Then he moved into electrical contracting. He also tried his hand at resume writing. More recently he was in marketing and advertising.
He started studying the real estate market and no money down purchases in 1980. His expertise has come from studying the masters in the zero down real estate field. Some of these were Robert Allen, Carleton Sheets, Russ Whitney, Charles Givens and Ron LeGrand. Thus far he has spent over $100,000 on his education. From each of the people he has studied as well as each deal he has done, he has learned what he needed to become the No Money Down Maestro.
He bought his first property in 1988. It was a wholesale deal and he netted a profit of $5,000. In 1992 he purchased his own home. This was also with no down payment. At the closing on his home the bank gave him $5,000 in cash for renovations. In addition he negotiated an interest rate of 7% on his mortgage when the regular interest rates were 14%.
From 1998 up until 2004 when he started focusing on real estate full time, Mark did about 1 investment deal each year. During that time he realized that his passion was to focus on real estate investments and to concentrate on no money down transactions.
One of Mark’s philosophies is never to visit and look at a home that he is not going to buy. He figures that it’s a waste of time to look at a home before he has done his research and knows that this is a home he wants to add to those he already owns.
How does Mark find the homes that he buys? He has a team which finds potential investments for him. On this team are property managers, carpenters, electricians, decorators, appraisers, home inspectors and even landscapers.
During the financial crisis that has plagued this country and with the rising number of home foreclosures Mark also has been focusing on helping people stop the foreclosure process and save their homes. One way he helps is through his EBook. That is available on his website, www.stopforeclosureanswer.com.
In addition to buying homes for his own investment portfolio and helping people who are facing foreclosure, Mark also coaches other real estate investors who are passionate about building a large real estate investment business and want to learn how to buy properties with little or no money down.
