How to buy property no money down?

The techniques used to purchase properties with no money down are not bank loans, you would not involve a bank in a no money down transaction. Banks have too many guidelines that would normally prevent you from using these financial institutions. In a bank transaction you have to prove that you have sufficient funds for a down payment and closing cost. You may obtain the money for a down payment using a FHA mortgage, however, the individuals must sign a document that this funds are not a loan and you are not required to repay the money. This is very restrictive for most investors.

Of course I hope you understand that a no money down real estate transaction mean that you would not have to us money out of your pocket.

These transactions are possible, however the space allowed here is not sufficient to spell out the program where yo would be able to gasp the nuisances of how to complete this type transaction.

There are many books published that would explain in detail the methods to use and how to accomplish a no money down real estate transaction. Yo would want to purchase books written after 2007 to have the most current investors techniques.

Most no money down real estate transactions would involve using investor's money in a no money down deal. You would be required to have others use their money as oppose to you using your own funds.

You could also involve the sellers in a no money down real estate transaction where the current owners would be the bank and carry the mortgage loan for a certain period of time.

Many real estate investors use these techniques because they would not want to tie their money up, so as to have funds for other real estate investments. In most cases the less money you have in a real estate investment the better off you are.

Imagine if you were to purchase two properties at $150,000 and you were required to have a down payment of 20% for each purchase.That is a total of $60,000. What investors in his right mind would tie this type money up in 2 real estate purchases.

Even those that invest in the stock market would never do this, thus you have margins that allow you to control the stock, with less money than the stock actually cost.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

In the US you need 20% down to buy investment property.

You also need 2 years worth of income with tax returns.

And that income must be sufficient to support the mortgage.

If you have no job, you are 18, and you have no down payment,

find another way to make money.

Not a chance, banks require large down payment for investment property.