Are No Money Down Real Estate Deals Still Possible?

Real estate investing has always appealed to those looking for a business they can start for themselves that is easy to get into and requires very capital to get going. Many real estate gurus continue to promote no money down real estate investing, but at the same time we keep hearing about how much tougher getting a mortgage loan can be today. So are no money down real estate deals still possible?
It is true that the days of 100% no documentation loans from local banks and conventional mortgage lenders have gone the way of the dinosaurs and those loan programs that are still around are a lot tougher to get approved for than they used to be. However, there are other great ways to finance your real estate deals including owner financing and transactional funding.
Owner financing has been used by savvy real estate investors for decades. For those offering this type of financing it provides an easy way to move properties, get top dollar on retail prices and create, nice, above market returns and steady income streams. For investors and buyers it has meant not having to jump through hoops at the bank and being able to maximize Property Management Insurance Cost their leverage. Unfortunately with the number of distressed homes out there, underwater mortgages and cloudy titles on foreclosures it is extremely difficult to know which owners to trust and you could find to your dismay that your payments and being squandered instead of being applied to underlying financing which threatens your ownership and equity position.
In contrast transactional funding offers access to third party funds which can finance 100% of your purchase price and acquisition closing costs. This is not to be confused with hard money lending or private money lending. Transactional funding provides Gary Vee How To Get Real Estate Clients funds to acquire property which will be flipped right away and for which you already have a buyer lined up. These are the easiest type of loans to get qualified for with no credit checks, income or asset verification or even appraisals required.
For those looking for no money down strategies for real estate investing transactional funding could easily be the missing ingredient you have been looking for. It means not having to come out of pocket for down payments or closing costs. However, if you are required to make an initial deposit prior to closing or you are having inspections done of course this is something you will have to cough up for. Still for the minuscule amounts this normally adds up to and the huge profits to be made from flipping houses there is no question that it makes sense. Certainly if you had to you could put a $500 earnest money deposit on a credit card, borrow it from a family member or even get a payday advance.
So yes no money down real estate deals are still possible and creative investors are using transactional funding to flip large volumes of homes every month to make a killing from the foreclosure ‘crisis’.

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