I wanted to know how to invest in buying real estate with no money down and still make money?
2006-07-19 13:02:27 · 7 answers · asked by albeez650 1 in Business & Finance ➔ Renting & Real Estate
While there are lenders that will do 100% loans, they will NOT do them for non-owner occupied properties.
You have to take into consideration, the rent not only has to cover your mortgage, but the taxes and insurance as well. It's doubtful you could raise the rent enough to do that and make a profit AND still find someone willing to pay that much.
2006-07-19 17:24:02 · answer #1 · answered by Christine 3 · 0⤊ 0⤋
2
2016-07-18 19:20:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This is very difficult to do.
Typically, you have to purchase in a depressed area. Take on a huge mortgage then accept a risky renter. Remember then rent needs to cover your mortgage, PMI, Insurance, taxes, Utilities, and maintenance.
Try to find a property where the seller is willing to finance.
If this was easy everyone would do it.
2006-07-19 13:13:02 · answer #3 · answered by Honest and fair 3 · 0⤊ 0⤋
Rent To Own Home : http://RentToOwnHome.uzaev.com/?gpyu
2016-07-12 14:20:49 · answer #4 · answered by ? 3 · 0⤊ 0⤋
You can't. Why would anybody rent a house for more money then it would cost them to buy it themselves?
2006-07-19 15:20:17 · answer #5 · answered by Danny 1 · 0⤊ 0⤋
Go to the site www.nomoneydown.com
you may have to pay a little,but they are supposed to have all of the secrets.
2006-07-19 13:06:44 · answer #6 · answered by kikasman 3 · 0⤊ 0⤋
If you could do that, your renter could too.
2006-07-19 13:54:23 · answer #7 · answered by Tom S 3 · 0⤊ 0⤋