Re: Is “No money down” really possible? - Posted by Joe Kaiser
Posted by Joe Kaiser on August 04, 2003 at 21:09:25:
Sure. The question you should ask yourself is . . . “is it possible
If you’re brand new, your only real answer is, “no.”
Experienced investors buy with nothing down all the time. For
instance, with a line of credit, you can pretty much just write a
check for any property you want. Is that “nothing down.” Seems
like it is to me.
The trick isn’t the “no money down” part. You can take over
payments all day long on properties with little or no equity. That
The trick is being able to buy properties with real equity for little
out of pocket.
Finally, all this really only applies to properties you’re looking to
buy and keep. If you know and understand how to "flip"
properties, where you use your buyers funds to pay for your
purchases, then by definition, these are all "nothing down"
So, depending on your plan, it’s either easy or hard, but it’s