Investing Without a Down Payment
Seem into seller financing.
Tim Marais will guide you for all the condition/situation for the investment without money .If the seller is good enough, he/she may be enthusiastic to make it simple for you to purchase by giving you a loan. You might offer to make higher monthly payments as a replacement for a down payment.
You can also consult a deal where the seller pays your down payment to a traditional lender in order to sell the property faster. The seller might expect you to pay him/her back or she/he may throw the down payment in for free, essentially lowering the selling price.
For each of these situation, make sure you have a real estate lawyer write up the agreement so that both parties are protected.
Lease the property with the option to buy.
You can invest in real estate slowly by making payments on a lease agreement until you have the money to buy. Your payments would (at least in part) be credited toward the purchase price.
Ensure the agreement specifically states a final price for the property. Define the exact portion of the rental payments that will be put toward the final purchase price.
Work out a trade.
You can pay for real estate by bartering another piece of property or a specialized skill you have. For example, a contractor can offer a real estate developer labor in exchange for a down payment.
Other property you could offer to swap include motor homes, campers, boats, cars, large appliances, valuable artwork and furniture.
For any bartering deal, draw up a legal agreement with an attorney specifically stating the value of each item in the trade. An outside appraisal may be needed.
Take on mortgage payments.
If anyone interested in investing in a portion of real estate but you can’t afford the down payment, offer to take over the mortgage payments in exchange for the action.
However, you will need to investigate the existing loan before you provide such an offer. Some mortgage loans have definite language preventing this type of transaction.