How can you buy a condo without money?
Answer:
if you go to any bookstore, library and 2nd hand bookstore you will find shelves of books, tapes and video's filled with material about how one can buy real estate with no money down.
Recently the topic was made famous again by Robert Allen and his book Nothing Down, in which he was challenged to show how to do just that buy real estate with nothing down, and off course he did.
So in short yes, you can buy real estate, without money.
It will require the assistance from the seller, partners, banks, and or many others. In fact, in Canada it is not that hard as it used to be to buy real estate with little or nothing down.
It will require, either your own good credit or the support (underwriting by others) from others to confirm the credit ability.
As soon as you need sellers to assist in the financing, you immediatly eliminate about 90% of all available real estate, as most sellers are either not willing or not able to do so. As most of them either need the sales proceeds to buy elsewhere, or need to pay off mortgages and or other financial commitments.
So if you are patient, carefull and persistant you can create a very nice system and method to buy all kinds of real estate with putting little or no money of your own in it.
The problem is off course that some one at some point in time need to make the payments, and the more financing one places on the property the harder it gets to either generate the cashflow from rental income, or to make the payments yourself.
If you are serious about getting into real estate investing, like anything else, commit to become an expert in the field by reading, studying and applying smart real estate practices. In addition, I would highly recomend to surround yourself with a team of dedicated experts, this would include, a realtor, a lawyer, an accountant, a mortgage broker, and a variety of property managers, construction trades people, and financial backers/partners.
So before you get told to pay hundreds of dollars to learn all this stuff over a weekend of workshops, and or seminars, and then get told to buy the tapes, books and what have you, go check out the shelves of your local 2nd hand bookstore, trust me there is nothing new in nothing down tips and tricks, they all work, and have all been written about over the past decades, just keep in mind they will not all work all the time in all situations. It will be your job to figure out how to make one work in the situations that you will come accross.
Good luck, happy studying and happy hunting
Yes it is but take care on what is told you. Make sure to ask any questions & get everything on paper & signed. If you don't understand anything take it to a lawyer before you sign.
If it IS, I'D like to know!
ask him to send you a money order to south africa. if he says ok, then be careful. if he says no, then continue doing business with him.
It may not be real house.
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http://www.makemoneyexpert.com
It is called a mortgage, and you can purchase condo's with them. You have to qualify for 100%, and if you work it right you can buy one with zero out-of-pocket costs.
Go to this website it has information on buying a home with Zero Down.
http://www.freelansinghomeloantips.com/z.
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