Wealth-Coaching

Investing in real estate can be slow for profit if you have to tie your cash money up in every investment.  There are many ways to get into a home with no money down.  Today we’ll discuss one of those options.

When you find a buyer who is extremely desperate to sell you can just about count on the fact that they owe more on the house than the average person could borrow.  If this is the case they are usually facing the fact that they will be sitting on the property for some time.

In this situation you could offer to purchase the home just by assuming the mortgage and therefore relieving the home owner of any debt.  If they have a good bit of equity you could offer to take over the existing loan and make arrangements for a cash payment on the equity price agreed upon.

When you do this, you can either pay cash you may have on hand, use a line of credit, or take an equity line on the investment home.  There are many creative ways to buy a home with little or no money down.  We’ll continue to look at these options in the near future.