10 ?No Money Down? Ways to Buy Real Estate

Turn the Television on any Sunday morning and you'll find yourself in the middle of a "how to buy real estate" infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate. Of course the answer is "yes" and "no". The real question is, are you willing to pay anywhere from $500 to $5000 for the information, classes and hotline? Most important are you self disciplined enough to follow the program.

Before you spend money on these expensive programs, here are my top ten "no money down" ways to buy real estate. If you're self disciplined and willing to hear the word "no" many times before you get a "yes", then maybe you can buy a house without a down payment.

1. First is to check out the many new zero down programs now available from lenders. Especially if you're a fist time buyer. Also FHA and VA have loans that may not be zero down, but are very close.

2. Borrow money for the down payment ? Borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold

3. Raise the price and lower the terms ? Offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking $150,000 with $15,000 down and willing to carry the balance of $135,000. Try offering $155,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk.

4. Borrow against a life insurance policy ? Many life insurance policy's let you borrow against the policy for the purpose of investing in real estate or other investments.

5. Use other property as collateral ? Create a note on existing property that you or a partner own and use it as the down payment for the property you are buying.

6. Home equity loan ? Home equity loans are generally easy to qualify for as long as there is adequate equity in the property.

7. Seller refinance ? Have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller's equity.

8. Find an investor ? There are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell.

9. Lease with option to purchase ? Lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option.

10. Give them something they need ? If the seller is planning to purchase something in the future that you own or can buy, use it as a trade. This can be anything such as furniture, boat or motor home.

About The Author

Richard Massey is a note broker with United Financial Resources and a real estate investor. You can get more information at http://www.unitedfinancialresources.com or to read more articles go to http://unitedfinancialresources.com/news.html

---

We Buy Houses Scams ? How to Spot Them and How to Avoid Them

There are many reasons why a home owner would want... Read More

Be Patient Screening Tenants

Rental real estate is a solid way to make money.... Read More

San Diego Real Estate

San Diego is home to millions of beautiful apartments, condominiums,... Read More

Investing In Commercial Property

Why commercial property?Compared to residential property investments, commercial property offers... Read More

How To Spot A Good Buy

Beauty is in the eye of the beholder, particularly when... Read More

Decorating to Sell a House by Meeting Three Key Needs

Specific marketing campaigns are no longer just for automobiles and... Read More

How Much is that House in the Window?

With the recent release from the UK's biggest mortgage lender,... Read More

Reprint Rights and How To Use Them To Generate A Steady Income

I can't emphasize enough how important it is to have... Read More

Build Your Retirement By Investing In Real Estate

Most people buy one or two properties. One is their... Read More

Buying New Construction...How Do I Begin?

The prospect of shopping for a new construction residence can... Read More

Destin Florida Triples In 3 Years

Do you want to see something that is absolutely amazing?... Read More

Should You Sell Your Home Yourself?

Are you thinking about selling your home? Would you like... Read More

Chapter One FSBO the Russ Miles thriller/mystery novel

Chapter OneShe reached the phone on its second ring. "This... Read More

Property Investing Secrets 7

Property Investing Secrets:How Buying Real Estate Is Like Planning a... Read More

10 Ways To Find Investment Properties

If you really want the best deals in investment properties,... Read More

How To Give Yourself A $20,000/Year Raise Without Asking Your Boss

Why without asking your boss? Two reasons, one, he or... Read More

Escrow From a California Homeowners Perspective

The Escrow ProcessBoth Buyer and Seller deserve the assurance that... Read More

Renting Versus Buying A Home

Renters are often in a quandary as to whether it... Read More

Residential Property Abroad

It is increasingly common for individuals to own more than... Read More

Real Estate Business

Starting real estate business is not that simple. Multiple aspects... Read More

Personal Branding Techniques for Real Estate Agents and Brokers

Branding can be done to any product, or any person.... Read More

Budgeting Your Log Home - Creating a Checklist

If you've read my first article, BUDGETING YOUR LOG HOME:... Read More

Boston Real Estate ? You Still Have Considerable Control Over the Sale of Your Boston Home

Boston real estate is a hot topic. Daily newspaper articles... Read More

Secrets of Making Money from Real Estate - Part 2

Leverage: With real estate, people and companies will lend you... Read More

Cutting Edge Real Estate, Is the Bubble Ready To Burst?

Of course, this is the big question in real estate... Read More

Real Estate Investment - Why it is Big Business?

When examining the different asset classes, real estate is generally... Read More

Apres-Ski

European tax haven Andorra enjoys the same fiscal benefits as... Read More

How To Find a Real Estate Agent

You may be of the opinion that you don't need... Read More

Regarding Real Estate On Leased Land

1.Why are there so many properties on leased land?There are... Read More

Selling Your Home ? What Can Go Wrong With Pricing and Loans

So, you're selling your home (house, townhouse, condo, apartment, land,... Read More

3 Top Real Estate Investing Methods for Maximum Wealth

Real Estate investing can be used to gain wealth in... Read More

Do I Have To Buy Real Estate Through An Agent?

Sometimes when we are very busy professionals and very rich... Read More

Various Aspects Of The Lease Purchase Business

In a previous article, we wrote why we believe that... Read More