No Money Down Real Estate Investing: Opportunities For All
No money down real estate investing has become a popular money making investment, ever since mortgage rates fell to all time lows. Gone are the days of the past when real estate was a means of rich people becoming richer. Anyone can participate in the various opportunities to invest in real estate with no money down.
Does all of this sound daunting? It shouldn't. It's very possible to turn a good profit with real investing, no money down. All it takes is a sense of the market, business savvy, and confidence. You'll be seeing profits in no time.
The Big Money Cash Close is a successful form of no money down real estate investing. A free and clear property is required, one one which there is no longer a loan to be paid off once the property is sold. Approximately 40-60% of properties are in this category, so a savvy investor should be able to find one.
Once you find a free and clear property, finance 50% or less of the property value through a bank or private investor. To finance the rest, the seller carries a second mortgage, which you pay back. Once the financing has been arranged, rent the property for more than your monthly payments, make the payments on your loan and the seller's second mortgage, and keep the profits.
The double close is another method of no money down real estate investing. You enter into contracts to buy a property and sell the same property at the same time, netting a profit. This, in effect, makes you a middle man between the original seller and the prospective buyer. Instead of selling the property directly to the buyer, the original seller is selling to you first. If you can pull it off, double closing can be a quite lucrative strategy.
No money down real estate investing is a risky, albeit profitable way of making money when you have nothing to start with. Big Money Cash Close deals and double closes are examples of this kind of real estate investment. A basic real estate strategy and a zeal for money can make you the next millionaire.
Published April 8th, 2007
Filed in Finance
