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Updated about 10 years ago,
Buying Personal Home & Investment Properties w/ No $ Down
Hello fellow BP members,
Is it possible to buy a personal home with no money down using seller financing? My wife and I are currently in the process of fixing/updating our credit. While this is occurring, I wondered if acquiring a personal home with no money down and utilizing seller financing was possible.
Currently, I own a duplex with no mortgages in Lansdowne, PA. My plan is to refinance it with a local bank and purchase more investment properties after our credit has been updated/fix thus increasing our credit score.
Any suggestions would be much appreciated. I understand cash/capital, credit, knowledge, and reputation are the major components to be successful in this business. Before jumping into anything I want to know what are our options.
Thanks you!