Nothing Down Real Estate

05. Jan, 2010 2 Comments

I’m a big fan of the concept of nothing down real estate.  The reality, however, is that it’s usually easier said than done.

When I was first trying to negotiate with sellers to buy properties subject-to, with a wrap mortgage or with lease options with nothing down, I always blew it when I announced to them that I was going to acquire their real estate with nothing down.

Not a good idea.

Here’s a tip: Don’t ever mention to the seller that you’re trying to buy the property with nothing down.  Instead, tell the seller about the BENEFITS of a transaction structured this way. Maybe it’s the tax benefits of accepting installments and avoiding a capital gains hit.  Whatever it is, lead with that and the likelihood that you can get real estate with nothing down will increase exponentially.


Financing
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2 Responses to “Nothing Down Real Estate”

  1. howard stockwell Reply 23. Jan, 2010 at 11:01 am

    hi susan,

    i’ve been following you (not stalking..haha) for a while now. i’ve been trying to get into commercial r/e for a while now (specifically…apartments). i just saw your “take” on mlo’s the other day. i’ve been studing them a little bit but feel they may be the way i have to go. what is your “take” on mlo’s right now (1/23/10). i am currently out of work and am struggling but still need/want to own apartments.

    thanks, howard