Comments on: Can I Really Invest in Real Estate Without Money?

By: Offer Cover Letter

Offer Cover Letter — Sat, 22 May 2010 14:29:01 +0000

[...] check out this great article on investing in real estate without money. It clears the fog from those late night [...]

By: Daniel Beer

Daniel Beer — Mon, 17 May 2010 15:42:42 +0000

Congrats on the great StumbleUpon traffic. I’ve been following your blog as I think you have been mine. Let me know if there is ever a guest posting opportunity.

All My Best,
Dan

By: Ned

Ned — Wed, 12 May 2010 18:48:33 +0000

Lynn, Thanks for stopping by. Yes you are right it is very mush an investors market exaclty because many fist time home buyers can’t get financing. Investors often use creative or alternate forms of financing that don’t work for homeowners.

By: Lynn Albro

Lynn Albro — Wed, 12 May 2010 17:52:40 +0000

As Adam said, homes are more affordable in California, in our area (Central Valley) the value of a home has dropped as much as 2/3's in some situations. However, first time home buyers are finding it hard to find financing, and banks seem to be more inclined to accept a cash offer. This IS the time to buy, but more than anything it seems to be an INVESTORS market. .-= Lynn Albro´s last blog ..Flipping Real Estate in Northern California =-.

By: Ned

Ned — Mon, 22 Feb 2010 19:15:40 +0000

Johnny,

Thanks for stopping by. In my area most hard money lenders have gotten much tougher with their lending criteria. They expect you to have some money in the deal. While some might do under 15% they would expect more points up front.

But the Baltimore lenders I now aren’t going to lend in Atlanta. I suggest you ask at your local real estate investing association who the lenders are down there. I know there are some investor groups down in your area.

You say you want no down payment, if that is because you have no money to put down, then rehabbing is not what you should be doing. Rehabbing takes cash – even with financing. Trying to rehab with little or no cash is a high risk proposition.

By: Johnny

Johnny — Sun, 21 Feb 2010 04:48:25 +0000

I would like to hear about hard money lenders that are still reasonable (interest under 15% and no money down,six months no payment).

By: Ned

Ned — Mon, 14 Sep 2009 05:17:38 +0000

Alena,
Thanks for the compliment and thanks for stopping by. I hope you become a regular. – Ned

By: alena

alena — Mon, 14 Sep 2009 02:18:43 +0000

nice writing, am really enjoy reading this! Thanks! .-= alena´s last blog ..Buying First House? =-.

By: Ned

Ned — Fri, 13 Mar 2009 04:24:24 +0000

Adam,

Thanks for stopping by and commenting.

I’d agree that getting traditional bank financing for 100% /no money down deals is a thing of the past. Doing no money deals now has to do with your knowledge, skills and creativity.

How is the market where you are? Are you able to keep busy?

By: Adam Mahler

Adam Mahler — Thu, 12 Mar 2009 19:34:50 +0000

While the information you provide here was good a year ago, it may longer be possible to get into this business with no money today. I own a real estate appraisal company in Valley Village, CA, and it’s been astonishing to see how drastically the price of homes has gone done, and continues to on a daily basis. That being said, if you do have your own capital and are interested in purchasing a home, this may be the perfect time, as they have almost never been as affordable. It will be very interesting to see what comes of the new plans Pres. Obama has put into place to save the housing market. Until then, I’m just keeping my fingers crossed.