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Real Estate Information |
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Investment Real Estate Secret: Buy a House Today, With No Money Down
If you've read my article "Purchasing Property With No Money Down. . ." today's article may seem a bit conflicting. Bear with me, though, and you'll see that it is not. In Purchasing Property With No Money Down. . ., I explain how buying up property at inflated values at a break-neck pace is no way to be successful in real estate. I explain how this is a form of investment real estate finance that is possible but not advisable. In this piece, I'd like to express that buying property with no money out of your pocket can actually happen and can be a great technique, if it's done properly. Let's suppose you find a house that you're interested in purchasing as investment real estate. The owner, who also uses the real estate as investment property wants to get out quickly. This is a perfect opportunity for you to get the house with no money down. Note, look for ads that say seller financing or motivated seller to find these types of deals. In lieu of conventional bank financing, you may offer the seller his exact sales price, if he agrees to finance the sale for you. Before going this route, ask him if he's willing to take a considerable amount less than his asking price; if he's motivated, he'll likely say yes, assuming he's going to get a bank check. Now, you come in with much more money, but you ask him to finance the loan. Here's where salesmanship is critical. Offer him a deal that he can't pass. If he's selling for $100,000 but was willing to take $88,000, you'll give him his entire asking price of $100,000 with very special terms. Although you amortize the loan over 30 years, you promise him that you'll pay him off in three years or less. Meanwhile, you'll pay him interest only payments on the note at 8 or 9 percent. Explain to him how he'll make all of this money on top of the $100,000, because you're not paying down the note with your monthly installments. Because you're giving him such a great deal, you will not pay him anything as a down payment. Now, you may be thinking this doesn't look like a good deal for you. Here's how you make it a terrific deal. The second you close the deal with the seller, you stick a for sale sign in the yard, announcing that the "Owner will finance." Now, you sell the house for $110,000. You take a $5,000 down payment, and you take interest-only payments on $105,000 at 8 or 9 percent interest. You are making more than you have to pay the seller, plus you have the $5,000 in your pocket. This is truly a sweet, No Money Down investment real estate deal. NOTE: if the seller insists on a down payment, you offer him the $5,000 you plan to collect from your buyer. Be sure to get him to allow you to defer the down payment for three months. This gives you time to sell, collect the 5k and pass it along to him. This isn't as sweet as pocketing the $5,000 yourself, but it's still a no money down deal. Mark Barnes is the author of the new novel, The League, a shocking, sports-related conspiracy. Learn more about his suspense thriller at http://www.sportsnovels.com. He is also an investment real estate and home loan finance expert. Get his free mortgage finance course at http://www.winningthemortgagegame.com
MORE RESOURCES: Compass reports best-ever quarter, takes aim at portals Real Estate News by RealEstateNews.com CoStar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com Company That Owns Apartments.com Sues Zillow Over Rental Listing Photos The New York Times Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First Atlanta real estate tycoon Tom Cousins has died at 93 Rough Draft Atlanta Blackstone Executive Wesley LePatner Died in NYC Shooting Business Insider 18 months later, Blackstone still sees real estate comeback ahead Private Equity Real Estate | PERE Santa Monica Ranks Second Most Expensive for Rentals as Real Estate Market Shows Mixed Signals Santa Monica Daily Press Carl Rodrigues named Vanderbilt’s inaugural vice chancellor for real estate, facilities and development Vanderbilt University Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire New bill aims for stricter penalties against real estate brokers who violate housing discrimination laws The Bay State Banner After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach PR Newswire Brokerage Growth Dominated by New Models Mike DelPrete - Real Estate Tech Strategist Central Pa. real estate company expands to Georgia Central Penn Business Journal Jersey County property sales recorded July 21-25 Alton Telegraph IGB Commercial Real Estate Investment Trust Second Quarter 2025 Earnings: EPS: RM0.012 (vs RM0.007 in 2Q 2024) Yahoo Finance NAREB Wealth Building Expo Changes Narrative by Supporting Black Real Estate Ownership, Black Real Estate Professionals Los Angeles Sentinel How Zay Brown Redefines Real Estate With Relationships, Transparency And Purpose International Business Times SRS Real Estate Partners Arranges $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ citybiz Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News AI that replaces ‘human hires’; another brokerage deal for Canva Real Estate News by RealEstateNews.com Mortgage Rates Today: The States Offering Lowest Rates – July 30, 2025 Norada Real Estate Investments Finance Guru Dave Ramsey Built This Lavish Tennessee Estate—Now It's Back on the Market for $15 Million Realtor.com I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business Aperture Global Real Estate Announces Partnership With Rechat to Power the Next Era of Luxury Real Estate Business Wire Morris Manning Real Estate Team Decamps to Barnes & Thornburg Bloomberg Law News Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net Slain Blackstone executive was a real estate powerhouse Crain's New York Business CREFC Sentiment Index Surges in Q2 2025, Signaling Rebound in CRE Market Optimism Boston Real Estate Times NAR Pending Home Sales Report Shows 0.8% Decrease in June National Association of REALTORS® Mortgage Rates Predictions for the Next 90 Days: August to October 2025 Norada Real Estate Investments Building Generational Wealth through Real Estate Atlanta News First Troy Furbay Appointed Managing Director of Hospitality at Crescent Real Estate LLC to Drive Strategic Growth Travel And Tour World 10 metro Detroit suburbs where homebuyers can still find a deal Detroit Free Press Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com Richland County property transfers recorded July 21-24 Mansfield News Journal Real estate giant Blackstone caught in crossfire after top executive Wesley LePatner killed in NYC shootin The Economic Times US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Real estate trends highlighted Morrow County Sentinel Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Universities leverage their real estate amid financial shortfalls and demographic cliff The Business Journals Double digit price increases for Putnam real estate Mid Hudson News Christie’s Debuts Crypto Real Estate Division The New York Times Bay Area Housing Market: Trends and Forecast 2025 Norada Real Estate Investments Palm Beach Billionaires Battle for Oceanfront Land The New York Times |
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