No Money Down Real Estate Investing: Taking Advantage Of Low Mortgage Rates
Now that mortgage rates are at an all-time low, no money down real estate investing is bringing businesspeople a lot of money. Times have changed since the days when only those with a lot of money could make money in real estate. Now, anyone can invest in real estate with no money down and make money.
Real estate investing and no money down may sound too good to be true but I assure you it's not. With a good eye for real estate, a little bit of conviction, and a drive to make money, you could be the next Donald Trump!
One successful method of no money down real estate investing is the Big Money Cash Close. To successfully implement this deal you must first find a free and clear property, which means that there is no longer a loan to be paid off once the property is sold. Luckily about 40-60% of properties are free and clear, so this should be no problem.
Once you have found an available property, you must finance, through a bank or private investor, 50% or less of the purchase price. The balance is seller-financed, via the sellers carrying a second mortgage and you paying this amount back to them. You pay this investment by renting out the property for more than your monthly payments. You make your payments to bank and seller, and keep the remainder.
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.
In earning a wage for little or no effort, two good and reliable approaches are Big Money Cash Close deals and double closes. For these, one only requires tactical thinking in terms of real estate and the simple commitment to one's financial goal. With these, and with no money down real estate investing, one can with disproportionate effort join the ranks of the millionaires.
- Scott Roemermann
