No money to invest? Then you must use zero down real estate investing strategies. But what if you have money?
Keep it in your pocket, always use OPM, other peoples money to fund your deals. With a few little creative real estate investment strategies; you'll never take another dime out of your pocket or your business account again.
Structure your deals and make offers using
zero down earnest money deposit,
zero down cash at closing, and
zero down loan financing.
The easiest and most popular form of funding is when the seller owns a property without a mortgage attached to it, the seller can carry a mortgage on the property for the entire asking price. It is especially easy to negotiate if the property is in need of repair- or if the person selling the property would encounter a large tax burden due to a "sale."
understand that it can be advantageous to become the bank and have
monthly passive income that will always be directly deposited, their
eyes light up and they become part of your team.
Building relationships will open doors to all kinds of opportunities that you never even knew existed.
Listen to the seller and find out what their needs really are and
try to meet them. Many times, especially for retired sellers, the need
a steady monthly cash flow and not for a lump sum of cash.
Force You to make offers without any money in your pocket. Worried about coming up with the money for the down payment- don't worry, part of the exit strategy is to lease option the property to a "future homeowner." Get the deal done, use the end buyer’s capital.
When you get the option fee use it for the down payment if one is needed, if not then you put the option fee into your pocket or your next real estate investment.
Get 5 to 10 percent more of the purchase price while getting rent above current market amounts. Plus get a non-refundable lease option fee from your tenants (future home owner)
It can be easily and effortlessly done by purchasing the home subject to the existing mortgage.
Just look for mortgages recorded in the late 90's or early 2000's. Their interest rates might be a little higher but the principle is usually paid down and there is equity in that real estate.
Thanks to zero down real estate investing strategies
you'll never again use your own money to finance a deal.