New Here
I was reading that you can get a property with nothing down and walk away with money. How is that possible? :-? :-?
I was reading that you can get a property with nothing down and walk away with money. How is that possible? :-? :-?
There are so many ways, it isnt feasible to put it in this reply. You should read some of the articles on no money down investing, try the Articles link at the top of this page. I can tell you this though the second you are donereading the articles, go and pull your credit, and start fixing whatever is wrong with it. You will need three things for a good deal, Cash, Credit, and Creativity. You can close a deal using one of the three, but its easier with two, and even easier with all three. Also you will want to start reading the bird dog/ beginner forum, as that is where they discuss this. This forum is for Mobile Home Park/ Multi Family Buyers, which is a more advanced step in investing.
Good Luck,
Kyle
It's all in how you write the contract. For example:
Seller pays all closing costs, loan points, pays $2000 per vacancy, $25,000 for new roofs, and buys buyer a new car.
If they accept your offer that way, then you get all those things! Easier said than done.
You also get prorated taxes, rents, and in some cases insurance. You also get all of the deposits that have been paid.
Yes you can do it.