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Updated over 13 years ago on . Most recent reply

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223
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4
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Sarah Jones
  • los angeles, ca
4
Votes |
223
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Zero down - NEED strategy

Sarah Jones
  • los angeles, ca
Posted

I bought my first house with 20%, rented it out. My mortgage with tax and insurance is $1400 and I rented it out for $3000 per month. I am making a good profit and I know now is the time to buy. I know how to rehab houses very cheaply. I have money to rehab house... I am trying to buy as many properties as possible in this bad real estate marketing.. i want to get as many properties as i can.. I am in los angeles , ca. I have enough funds to rehab but i dont have enough to keep paying 20% down payment.

1. is it possible to get 0% downpayment?
2. i heard of people on this forum getting 0% down payment from motivated sellers using bandit signs but dont understand how it works.
3. is it possible to get 0% down payment from owner financing.

What is the fastest way ot get as many houses as possible. My competitive edge is i can remodel a house for very cheap and can make an old house look glamours for very cheap and have a friend that is really good at marketing and sales and can get any place in los angeles rented out for as high as possible.. i want to buy for 0down as many property as i can and hold on to them while collecting rent.. what is the best strategy for this?

Most Popular Reply

User Stats

15,747
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10,945
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Will Barnard
  • Developer
  • Santa Clarita, CA
10,945
Votes |
15,747
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Sarah,

Why not buy, fix and flip and make $40k or so per home, then use the profits as your 20% down from each flip and keep one each time.

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