Loans with no down payment

Loans with no down payment - Sub Zero means no down payment. Most sellers need something as a deposit when they allocate funds. Most banks will not make a 100% financing on properties purchased as an investment. Zero down simply means that the payment does not come from money. So where do you go? Can you really enjoy the property without the money to start that order?

The answer is clearly yes. In our local investor meeting the other night, said an investor he recently found a fixer-upper, but could not get financing. What? He gave the contract to another investor for $ 6000. In other words, everything he had in the case, was a deposit of $ 500 "good faith" in and his time, and he made a profit of $ 6000th This as "mirrors".

They not only have a down payment, but he did not buy the property to make money. There was enough profit potential in the seizure and sale of the house, other investors were willing to pay to take their place. The key here is that it is able to find a good deal, and your bid includes the right to contract to another investor if he wanted.

Well, if he had taken the $ 500 deposit on a credit card actually all their own money in the game, save enough gas to go look at houses. Of course I would have paid 3% cash advance fees and annual interest rate of 18% for a month. This would be reduced from $ 22.50 to your advantage. Yes, below zero is possible and profitable.

Zero Down ideas

What if you really want to complete invested their own money at any time of the purchase, renovation and sale with zero, and no one? There are dozens of ways to do it. One way is to find a partner as well. In fact, tomorrow I'm going to talk to an investor to use my money to the renewal of a profitable and will complete. I want a share of the profits. Believe me, if the agreement is good, there are people who want to take your money on it.

Here is an example of how a few techniques to invest, combine to keep its investment to zero. Suppose you have a landlord who is tired of being a landlord find. He has a house in ruins you want for $ 80,000. You'll look and see that the result with $ 4,000 in value and the repair could be sold for $ 116,000. Added All costs in the amount of approximately $ 9,000 USD 27,000 so that potential benefits of the transaction. You do not have any money.

How about the supplier more of what you want? Offer $ 85,000 with a cash advance credit card $ 500 deposit for a bona fide. The offer, however, is $ 5000, no payment, but the entire balance of the year with an interest rate of 7%. Why should I say yes?

You agree that you will get more than you wanted to - maybe even a few thousand in interest. Warranty will be safe because, unlike renters who ran the place in fastening make money. It is a first mortgage on a house that will soon be much more valuable than what owed.

If you suspect an investor, has about $ 15,000 to find brought into the business. This is the down payment to cover repairs and other costs, with a little more to the left unexpected costs. In return, you will be investments and half of the profits. If the house is filled in no time and within budget, which is more than $ 10,000 for each of you.

The seller receives more than he asks. The other investor receives a great ROI. You earn $ 10,000 or more, without spending a dime. To ensure that everyone wins is the surest way to make a contract with zero down.