The Elusive No Money Down Houses – Where To Find Them

Sorry to burst your bubble, but there is no secret list of No Money Down Houses, but I can share with you some insights on how to find deals that you can structure with no money down (links are to resources exclusively for our Real Estate Investor Bronze Members).

First, you can find some deals in the Multiple Listing Service (often abbreviated MLS) or through a competent Real Estate Agent or Real Estate Broker. Many, but not all, of these will require great credit and the ability to document income to get anything near financing that involves no money down from you. Of course, with good credit and a flexible seller, you might be able to structure a deal where you provide most of the purchase money with a new loan and the right seller may be willing to carry back some of the down payment.

Second, you can try to find motivated sellers that are much more flexible in how you purchase their properties. A seller that has a property they can no longer afford is much more likely to allow you to purchase the property in such a way that you have to put no money down and can often make payments on their very attractive financing. Spending a little time/resources finding these motivated sellers can prove to be an excellent investment.

Third, using a combination of hard money lenders, private money lenders and flexible owners willing to structure owner financing deals you can find deals both in the MLS and outside that you can buy houses with little or absolutely no money down.

Until my next post,

James

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