It's possible, but I think $10 should be the absolute minimum to make the contract binding....others may disagree.
Anyway, this no money down business can be done using the Lease/Option and/or sub to techniques. You can also do things more conventionally by going down to the banks and over leveraging the property, but the above ways require no banks.
Read through the Lease/Option and Subject 2 forum and you chould be able to gain a solid foundation there.
Or buy John Locke's Sub To manual which explains a lot.
I think your still missing the point. Even if you pay 100 bucks to the seller, it should still be no money down for you. Nothing out of your pocket. Because then you turn around and have the Tenant/Buyer pay the option consideration (3-5% of the Home value) and that covers the 100 bucks and gives you money in your pocket. But this should be in the L/O forum. Go there and read up on it... Good Luck..
This question has been asked many times. Read through the forums and through the books at your local library and you'll learn. Many have learned from Carelton Sheets as well.
YES you can buy property with no money down. Many TCI members ONLY buy properties "no money down". Keep in mind, that means no out of pocket money from you.
It's possible, but I think $10 should be the absolute minimum to make the contract binding....others may disagree.
Anyway, this no money down business can be done using the Lease/Option and/or sub to techniques. You can also do things more conventionally by going down to the banks and over leveraging the property, but the above ways require no banks.
Read through the Lease/Option and Subject 2 forum and you chould be able to gain a solid foundation there.
Or buy John Locke's Sub To manual which explains a lot.
A note for one cent will do it.
I think your still missing the point. Even if you pay 100 bucks to the seller, it should still be no money down for you. Nothing out of your pocket. Because then you turn around and have the Tenant/Buyer pay the option consideration (3-5% of the Home value) and that covers the 100 bucks and gives you money in your pocket. But this should be in the L/O forum. Go there and read up on it... Good Luck..
doing a short sale doesn't cost you anything either.
This question has been asked many times. Read through the forums and through the books at your local library and you'll learn. Many have learned from Carelton Sheets as well.
YES you can buy property with no money down. Many TCI members ONLY buy properties "no money down". Keep in mind, that means no out of pocket money from you.
Check out the poll at:
http://www.thecreativeinvestor.com/Survey35.html
Good luck.