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Updated over 8 years ago on . Most recent reply

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Brant Baylock
  • Cocoa, FL
0
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4
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Desperately seeking owner financing help!!!😮🤓

Brant Baylock
  • Cocoa, FL
Posted

Looking for advice for the Central Florida area. I'm a newbie who is interested in SFH, no money down rentals. How do I negotiate a no money down sale? Do I lease option it or rent it indefinitely? What is the best way to go? My biggest issue is thoroughly understanding owner financing and how to effectively use it. I've checked BP but maybe input from the collective will be of more benefit.

Thanks for all the help.

Most Popular Reply

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307
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127
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Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
127
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307
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Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
Replied

No money down on a regular basis doesn't exist. Every now and then you'll find a seller in preforeclosure, or with a vacant unit that needs obscene amounts of work, or SOMETHING that gives them an incentive to sign the property over to you. But on the whole, no money down is this mystical magical fairy that gurus pull out at their $199 get rich quick scheme crash courses.

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