Buying a House for No Money Down Including Closing Costs!

[Casey Pritchard]

Investment Info:

Single-family residence buy & hold investment in Brockport.

Purchase price: $150,000
Cash invested: $1

Hand crafted a unique deal with a USDA loan and seller financing to get into a house without spending a dime.

What made you interested in investing in this type of deal?

I needed a primary residence but didn't want to eat away at the money I had for future investments. Was also looking for a home big enough to rent out.

How did you find this deal and how did you negotiate it?

Found it through a fellow real estate agent at my church, he was looking to offload the property while I was looking to buy one.

How did you finance this deal?

a USDA loan and seller financing baked into the purchase price

How did you add value to the deal?

I didn't

What was the outcome?

a full year of living in a home while renting out other rooms for virtually nothing!

Lessons learned? Challenges?

Landlording has not been fun but the deal has expanded my thoughts on how I can get into a home for less.