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RICK HORSLAND’S 10 Possible Ways

and "no". The real question is, are you willing to pay anywhere from $500 to $5,000 for the information, classes and hotline? Most important are you self-disciplined enough to follow the program.


Before you spend money on these expensive programs, here are my top ten "no money down" ways to buy real estate. If you're self-disciplined and willing to hear the word "no" many times before you get a "yes", then maybe you can buy a house without a down payment. (1) First is to check out the many new zero down programs available from lenders. Especially if you're a first time buyer. (2) Borrow money for the down payment - borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold. (3) Raise the price and lower the terms - offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking $150,000 with $15,000 down and willing to carry the balance of $135,000. Try offering $155,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk. (4) Borrow against a life insurance policy - many life insurance policy's let you borrow against the policy for the purpose of investing in real estate or other investments. (5) Use other property as collateral - create a note on existing property that you or a partner own and use it as the down payment for the property you are buying. (6) Home equity loan - home equity loans are generally easy to qualify for as long as there is adequate equity in the property. (7) Seller refinance - have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller's equity. (8) Find an investor - there are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell. (9) Lease with option to purchase - lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option. (10) Offer an object for the down payment - offer something other than cash (land, a car, a boat, or valuable collectibles) to the seller instead of a cash down payment. This is why it is important to listen to sellers. Find out what they want and need. Maybe you have (or can get) just what they need. For instance maybe they wanted to use the down-payment to buy an RV and it turns out that you just happen to have one you don't need. Offer that vehicle as a down-payment, and it saves you from coming up with the cash.

There are options

DIGITAL UPDATE To Buy A Home With No Money Down

urn the Television on any Sunday morning and you'll find yourself in the middle of a "how to buy real estate" infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate. Of course the answer is "yes"

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