No Money Down

[N/A N/A]

If your getting started without cash this is really the only way to invest in real estate. The main way these deals are put together is by owner financing. It's simply this " they carry the mortgage with no down payment for an aloted amount of time." If you don't comply with the agreement then you can get burned doing this.

[Jim Gordon]

There are tons of programs for people to buy with no money down. I tell my clients if you have 1000.00 I can get you into a home. Just check with any mortgage broker how many 100% programs are out there and you will be surprised. The state that I am in (Ohio) even has a 100% financed subsidized rate loan for first time home buyers. There is a local commercial bank that has a 100% program where the second is not a PMM but a HELOC and if the property appraises the client can write themselves a check after close up to the amount of their equity.