Search For Low Down Payments Real Estate
There are low, low down payment properties available. All you have to do is look for them! That's where most people fail—they just don't look for long enough. As Ben Franklin said, "Plow deep while sluggards sleep." Low, low down represents the second best type of creative financing.
Of course, the lowest low, low down is zero-cash down. So how do you find low, low down properties?
There's really just one answer to this question. That answer is:
Look in every possible source for low, low down properties. These sources include your large-city Sunday newspapers, your local weekly newspapers, real estate agents, property
management magazines, city and state housing agencies, federal housing groups, local real estate investor groups, local building owners associations and For Sale By Owner ads.
Keep looking until you find what you want. Looking costs little. But it can deliver big results! Why? Because there are few people willing to invest the time and energy it takes to look widely and deeply.
Borrow to the Hilt for Income Real Estate While you were growing up you might have been warned:
"Never a borrower be." While that's good advice for your personal life, it's not
accurate for business. And income real estate, remember is a business!
When you borrow to the hilt you use the value of the properties you own to collateralize (back up) your loans. So:
* The property you've bought on borrowed money backs up new loans for more property—which you buy using borrowed
* Money Makes Money; and the Money Money Makes Makes Money!
So don't be afraid to borrow money for income real estate. Just be sure you have a positive cash flow from every property—after paying on all loans associated with that property!
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