This is video is not click bait, you can buy real estate with 0 dollars, but I don’t recommend you do it. so Tommy why are you making this video, because its important to understand how this game works so you know why I don’t recommend it.

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Usually when you buy a Home: the lender wants you to put down some money, so this way you have skin the game and they also have some of your money, beucase they’ll pay you what the property is worth, but if they forclose on you and you put down 20%, then you lose that too plus they can resell for the value of the home. It’s a way to make a safer investments

The First way to Get around it

Get someone to guarantee your loan who has very little to no chance of defaulting.

This way they don’t have to worry about you defaulting

Because they no the money is secured

Its like if you walk into a dealership with Bill gates

And he says, give him the car and if cant make the payments I’ll pay you in full

Any dealer will give you whatever car you want

Because they know bill gates is going to pay

So that entity is going to be the US Government

They offer two types of loans that allow for 0 money down

VA loans and USDA loans

FHA loans still require about 3.5%

Seller Financing

When I was selling my house

A family member offered me to finance the property to her

She was willing to give me 70k upfront but she didn’t want me to charge her any interest

And that’s something I could do, but didn’t want to do

However:

If you find a motivated seller, who owns the property outright

They may be willing to finance the property with 0 money down

But most likely that may mean a higher interest rate, longer loan term or whatever string they want to attach

Why would someone agree to this:

One they get better tern from the seller to buyer side

And from the buyer to seller side, the term may not be great but if they can produce the cash flow to pay them, without any money in the deal, and keep a profit they may do it

Creative Financing ( via Hard money lender, Loan or even a Credit card, the more creative the better )

Now lets say you want to get a loan and the bank Is asking for 10% down

And you don’t want to put down any of your money

Well you could always borrow the money from someone else, but you have to be careful not to mess up your credit score during this time

Here are a few options

Refinance another asset and taking the cash from that

Borrowing from a hard money lender

Taking out a personal loan

Or even taking it from a credit card

This is what I called being creative and playing with fire

I don’t recommend this stuff for one simple reason

The risk is increased, and leverage is double edge sword

And when you play this game, its usually because you are in a rush, and real estate is a long term game in the first place

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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