Stupid Question?,

[Abou C.]

How true is no money down?,  what programs are there for those buying first time but using the property as an investment?. This year I would like with my partner acquire a disstressed fourplex?.  Currently doing what ever I can to earn and learn more as well as get our hands dirty, come hell or high water not closing 2015 with out a profitable property. 

[Brandon Turner]

Hey @Abou C. not a stupid question at all - this is probably the number one question I get asked and I'm happy to share my thoughts, for what they are worth. 

First, "no money" is very very difficult but "low money" is much easier. For example, there are very few "$0" loans (the VA and USDA are two, but tough to get) but there are several loan products like the FHA Loan and the 203(k) loan which require just 3.5% down payment, but you have to live in the property for the first year. (More on that here)

Then there are strategies like partnerships, lease options, etc to get a deal done without a lot of out of pocket. But nothing is super easy - but it can be done! 

Oh -and BiggerPockets recently published my book on this stuff if you are interested in checking it out! It's called "The Book on Investing in Real Estate with No (and Low) Money Down."