Zero Down on an Investment? Really.

[Robert Saunders]

Often times I hear zero down to purchase Multi-Fam investments. After speaking to several lenders and private money lenders and reading multiple books I've learned this is a misleading message and almost lies. Lenders of various types will do anywhere from 60-70% LTV. This means I have to come up with the balance. When investing in CA $2M in a "B" class area is the norm. Does anyone have the same experience or what has been yours? What resources are you using? Please share.

[Rick Pozos]

Hey @Robert Saunders why does it have to involve a bank or mortgage company or even hard money lenders?? What if you take over someone's payments?? I have done a bunch of those over the years. When I first started I just took over payments. No need to give the seller money if they were behind a payment or two. Sister made the back payments. Home Depot credit card paid for the paint, tile, and other little do dads. Everyone got paid off when property sold.

You have to stop thinking like everyone else and doing what everyone else does. I did not have any cash when I started so it was out of neccessity that I did $0 down deals. I had to get creative and ask things of sellers that most people dont ask.