You may have heard about no money down real estate investing before.
Perhaps when you first heard this message it struck you as some kind of get-rich-quick scheme.
You may have even thought that some slick sales person was trying to get you to purchase his video. While the latter may have some truth to it, it’s also true that no money down real estate investing is a possibility.
Many seasoned real estate investors will quickly tell you that it is possible to invest in real estate without having any kind of down payment. In fact, these investors will encourage you to find ways to invest in real estate without having to spend any of your money.
It may sound preposterous but no money down real estate investing is a possibility. There are many investors who have become successful using this method of real estate investing.
The reason that no money down real estate investing seems too good to be true is because people aren’t accustomed to getting something for nothing. In today’s society everything comes at a price, especially something as lucrative as real estate.
If you want to become successful at no money down real estate investing, you must put these kinds of thoughts out of your mind. Doubts will only cloud your judgment and hinder your progress in no money down real estate investing.
Once you learn no money down real estate investing, you can never again use the lack of money as the reason you can’t close a deal. Too many times, investors have lost out on thousands of dollars in profit because they didn’t have the cash needed to close a deal on the spot, or so they thought.
If a deal is a good deal, then it’s good whether you have the cash you think you need to close it or not. Money should never, ever be the reason that you don’t close a deal.
By now you are most likely wondering how exactly you should go about no money down real estate investing. This is the natural next question. There are many ways you can go about getting the financing you need for no money down real estate investing. Sources for funding exist is some of the most unlikely places.
One of the most popular methods of no money down real estate investing is through what is known as double escrow. In this process you buy and sell the piece of property simultaneously. In this method of no money down real estate investing, the investor sells the property for more than the purchase amount.
Since there are two closing processes within a relatively small amount of time, the investor uses the money from his sale of the property to also purchase the property. In this method of no money down real estate investing, there are some contractual details that must be worked out. Consult with an experienced real estate investor or an attorney before attempting a double escrow.
Another method of no money down real estate investing is through bringing in money partners. Each of these partners brings in cash for the deal and you work out an agreement to give back their principal plus a certain percentage before spitting the profits. Then once you’ve repaid the principal, you can then split the profit however you agree with the money partners.
When you are attempting a no money down real estate investing transaction, the key is to be creative in the methods you choose to ensure that you do not have to pay any money out of pocket.
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Article from articlesbase.com
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