The Low Down on
No Money Down

I'm sure you have seen the famous late night Carleton Sheets' no money down infomercials that have been running for years. You've probably asked yourself, "Is this for real, can I really buy Real estate with no money down?" Well the answer is absolutely, yes!

Let's back up for a minute, and ask, "Can real estate be purchased with no money at all?" Well, the answer to that question is probably no. Money in some form is needed to buy real estate. Would you give your house away for nothing in return?

The Question is: 
"Whose Money is Used?"

OPM - other people's money. This is another term I'm sure you have heard mentioned. This philosophy is actually the backbone for no money down real estate. 

No money down really means that none of your money is being used as a down payment to buy real estate. There are many creative ways to buy real estate with no money down including:

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Get the property owner to carry some of the financing.

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Use a lease option strategy.

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Purchase "subject to" the existing financing.

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Negotiate a "short sale" with the lender.

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Obtain a 100% "hard money" loan.

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Trade other assets for the down payment.

These are just a few no money down techniques. There are literally hundreds of ways to buy real estate with no money down. You are only limited by your creativity and knowledge.

Is No Money Down as Easy
 as it Looks on TV?

No, it takes much more than a TV commercial, a course and a few weeks to master the no money down principles. Even with some of the great courses out there it takes practice, persistence and patience.

There are very few sellers willing to give their property away. You have to know what you are doing. The no money down techniques in the courses will not work in all areas of the country. You have to find out what works best in your area.

There may be multiple no money down techniques that are effective depending on the investing strategy that you are using. The only way to truly learn is through continuing education and hands on experience.

The best way to gain experience with no money down real estate is to work with local Investors. Successful real estate investors have already done the trial and error on no money down real estate. They know which no money down techniques work in your area. Why waste time reinventing the wheel?

Will Real Estate Investors 
Really Help Me Learn?

Yes, if you bring something of value to the table. Real Estate Investors are very busy people, and are not in the business of giving away their hard earned knowledge. After all, most Investors have spent years, and thousands of dollars learning how to be successful.

The best way to establish a Mentor relationship with an Investor is through real estate jobbing. As a real estate jobber you will simply find property leads for Investors.

Investors love to buy and sell properties, but they can't do so without good leads. Finding leads takes up valuable time that the Investor would rather spend actually buying and selling properties.

Real Estate Jobbing
Is Win-Win!

As a Real estate jobber, you will find valuable leads for Investors, which saves them a great deal of time and money. In return Investors won't mind helping you learn the ropes, and you'll make some extra money at the same time. Real estate jobbing is great for Investors and great for you, it really is win-win!

Now you can learn first hand how no money down real estate really works. 

Click here to learn more about real estate jobbing!