Archive for No Money Down Real Estate
The Reincarnation of ‘NO Money Down’
Posted by: | CommentsThere are a lot of no money down real estate investment strategies out there.
They seem to be never ending.
In fact, I think the modern main stream boom in the real estate information business has it’s genesis with the first no money down books written by Robert Allen back in the early 1980’s. You probably have a lot of the books and courses that I do on this stuff.
One thing that happens as you get into the details of the no money down system is that you realize you’ll need money for something.
Dang it. There’s that money thing again. It’s hard to escape in today’s real estate market, where cash is king.
No money down approaches work well in real estate markets where property values have equity. Where after-repair values exceed underlying mortgages by enough of a margin for a real estate investor to make a profit. The foreclosure boom of recent years has made many of the old approaches to real estate investment of little practical use.
The good news is, you can still do ‘no money down’ deals – at least none of your money down.
You see, there are essentially two different tracks you can take with real estate: Read More→
Is ‘No Money Down’ Dead?
Posted by: | CommentsWith the huge REO market that exists today, it’s pretty tempting to say that ‘no money’ down real estate investing is dead. After all, don’t banks and asset management companies want to deal in ‘cash only’? What about other sellers? Isn’t everybody in the game in need of cash like it was water?
It only seems like yesterday when Robert Allen was showing us all how to do “nothing down’ deals, assumable mortgages and the like. It wasn’t that long after that where we could do sandwich leases. subject-to deals and others using creative buying strategies. Where are the glory days of No Money Down?
The answer for buying single family house REO’s is: “Yes,” no money down is a non-starter for buying bank REO single family houses. Private money, either in the form of private mortgage loans or private equity investors becomes tremendously important here. You might still be able to get a decent deal if you try to purchase with a mortgage – perhaps on an estate sale or short sale – but the all cash REO buyer is going to get a far better deal 9.5 times out of 10.
Now…
For multi-family projects, the answer of whether no money down is dead or not is a bit trickier… Read More→
