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Updated almost 8 years ago,
Creative Finance with no money
Hello BP Family,
I've read a few things and heard about people buying investments properties with little to no money. I want to know if anyone could give me any insight as to what I could do to make that happen for me. I am in a situation where I have no money and I'm rebuilding my credit. There is a duplex in my area (Orlando, FL) that has been foreclosed on in a pretty decent area and I am interested in it. Here's a snapshot of my situation:
No money
Rebuilding credit
Veteran with VA Home loan (although credit is not there)
Are there any creative solutions for purchasing a duplex in my situation. Furthermore, is there a such thing as an investor purchasing a property cash and owner financing it to me? I understand with the latter part of that question they would want a profit involved of course and likely sell it to me for more than they pay for it obviously. Is that an option? Any tips and advice are appreciated!
Thanks
Sabrina Hill