How do I use other people money to buy houses?

Question

I am looking to buy a houses. I want to know how I can use other people's money to do that? I heard that I can also buy houses with no money down. How does that work? If the houses is sold what paper work do I need? How do I market the house?

Please provide other methods of marketing besides using prudential and realtors.

Answer 1

here is the best way I make a living doing this
go see a lawyer have them draw up papers for a LLC and get you a tax code for your new company then get a good accountant
then you can start selling stock in your new company with all the money you gather up start buying properties
get together with a REALTOR and find a good property and buy and flip and buy and flip when you have done this enough to have extra money start buying investment properties appartments and duplex's these will give your company steady income keep selling stock the whole time to make assets grow

I started this 5 years ago and I have havent made my own mortgage payment in 4 years investments make it for me and paid off my truck

it takes time and dedication don't give up if starting out is harder than you think it will pay off

Answer 2

The simplest way to use other peoples' money to buy a house is to borrow it. Banks and other lending institutions do this. You pay interest.

The next way to use OPM is to get the seller to finance your purchase. Sometimes they will, sometimes they won't. You'll pay interest, sometimes less than a lending institution would charge, but usually the financing is short term, like a year or two. This can be done in combination with other lending to get you into the property "no money down".

The most basic thing you need when selling is to provide a deed. Sometimes the Buyer needs other documents, they will usually bring those.

Marketing can most simply be done through a realtor. You can also stick a "For Sale By Owner" sign in the yard, print flyers and pass them around the neighborhood, take out ads, put it on the internet, or other creative stuff.

Answer 3

You need to find an investor...there are lots of books on how to do this kind of stuff. Are you trying to flip houses or just find someone that will buy a house for you? Well if you find someone let me know, cuz I want a house too!! ;) Just go to Barnes & Noble or the library and check out books on real estate investors or house flipping.

Answer 4

Well you will likely do them one at a time. You will start by purchasing a house. One house. Interview lenders until you find one willing to loan you the money at no money down. At this point you need to understand that time makes money. So you will have to wait a while to profit on the purchase.

Answer 5

people money buy houses