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Updated over 13 years ago on . Most recent reply

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Darryl K
  • Real Estate Investor
  • Rochester, NY
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Buying property without large down payments

Darryl K
  • Real Estate Investor
  • Rochester, NY
Posted

Can someone explain how to go about buying properties without dropping a large down payment? I'd actually like to learn about buying without putting any money down, if this is really possible. Is this called seller financing? How does it work?

Sorry about all the questions.

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

"Nothing down" deals are all over the place if you know how to market for them. There are tons of people that would love to dump their property on you right now with little or no equity position. The trick is finding these folks that are willing to trade equity for peace of mind and to procure deals with REAL positive cash flow. This is EXTREMELY hard to do without investing any money.

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