OfflineHello again I am looking for someone to give advise on a
no money down strategy to buy and live in a home, what I am trying to accomplish is to own a home with equity that I can use for investing purposes as well as to own a home to live in
Thanks in advance
Steve
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One of the best ways to buy a home with no money down with equity is to use the sellers financing. You will need to find a motivated FSBO that needs to move on and have they sell you the home on a contract. If the home is paid for Free and Clear, have the seller take back the first mortgage an finance it for you, or if there is an exhisting first mortgage on the property, contract to buy the property "subject-to" the exhisting first mortgage and have the seller take back a "2nd" for the balance.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
That seems like a great idea but most owner finance deals that I have come across want a down payment for themselves how do I get around that?
Thanks for your response
Steve
This is what the coach is saying. let them carry a second on the down payment. Are do like I do I will pay them the equality and down payment when and if I REFI; Were their is a will their is a way.
Randy
www.adeptpropertiesllc.com
got it now I was lost there for a minute all better now lol
Steve