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Updated about 13 years ago,
Zero down - NEED strategy
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?