Truth About "No Money Down" Investing
Lance T. Walker
hear it all the time; "Can I really buy a house with no
answer is, of course you can - but you'd better understand the
you're going to play it.
see, in the real estate business, there are TWO equally important
forms of currency: Money and Time. And the less
you have of one, the
more you'd better have of the other. Bottom line.
comes in two versions:
Yours (which we call cash), and
Someone else's (which we call
comes in three basic variations:
Passive (as in market appreciation
Active (as in sweat equity, or
following up leads), and
Creative (as in research and
would-be investors yearn for a no-money-down deal, but think that
making a trip downtown to the courthouse to research opportunities
couple of hours is too high a price to pay. The irony is that
people work 40 hours a week or more for a fraction of what they
make on one real estate deal, and think it's normal!
money down" simply means none of your money down.
Almost no one
who owns a real estate asset is going to be willing to part with
it without at
least some sort of valuable compensation. And if you find someone
is, I suggest you start looking for a toxic waste dump next door,
or that new
highway about to be built. (Oops, that would be research. There's
investment thing again. Guess there's no getting around it, huh?)
financing" is the art of combining alternate forms of real
currency in place of cash. Your learning skills, selling skills,
skills, and just plain nerve will go a long way in determining
as a creative investor.
no mistake about it, however, most of the really good deals will
at least some cash for you to take advantage of them. Closing
bids, bank-owned properties, even many "motivated sellers"
will all require
cash. But what if you don't have any? Then it's time to call in
your two secret
weapons: the private
lender, and the ability to buy
Lance T. Walker publishes online regularly at "letsdodeals.net:
Helping you create a wealth-based retirement by combining hi-tech tools with time-tested
real estate investing techniques." Get his free report, "Dare
to Double Your Income - Even During a Recession", available