How to get a home loan with bad credit

Zero Down Lease to own Home Mortgage

More Zero  Lease to own Home Mortgage Down Ideas

Zero down Lease to own Home Mortgage doesn't really mean no down payment. 

Most sellers need something as a down payment if they are providing financing. Most banks won't do 100% financing on real estate that is purchased as an investment. Zero Lease to own Home Mortgage down just means that the down payment won't come from your money. So where will you get it? Can you really profit from real estate without having money to start?

The answer is clearly yes. At our local investor's meeting the other night, one investor told me that he recently found a fixer upper, but couldn't arrange financing. What did he do? He assigned the contract to another investor for $6,000. In other words, all he ever had into the deal was a $500 "good faith" deposit, and his time, and he made a $6,000 profit. This is called "flipping."

Not only did he not need a down payment, but he didn't even have to buy the property to make money. There was enough potential profit in fixing up and selling the house, that other investors were happy to pay to take his place. The key here was that he knew how to find a good deal, and his offer included the right to assign the contract to another investor if he wanted to.



Now, if he had put the $500 deposit on a credit card, it truly would have involved none of his own money, except enough for gas to drive around looking at houses. Of course, he would have paid a 3% cash-advance fee and 18% annual interest for a month. This would have reduced his profit by $22.50. Yes, zero down is possible and profitable.

What if you want to actually complete the purchase, renovation and sale with zero down Lease to own Home Mortgage, and none of your own money invested at any point? There are dozens of ways to do it. One way is too find a partner. In fact, tomorrow I'll be talking to an investor who wants to use my money to complete the profitable renovation of a property. I want a share of those profits. Believe me, if the deal is good, there are people who want to bring their money into it.