Buying Real Estate With No Money Down and No Credit

Buying Real Estate With No Money Down and No Credit

Yes, buying real estate with no money down and no credit is a possibility. And making money from real estate doesn’t have to be a pain in your a–. If you want to enter the business but don’t have a single cent to spend there are a whole lot of ways you can still make money. All you need to enter the business is true conviction; everything else comes apart. Here are a few examples to fill your head.

If you are planning to get a house and don’t have enough money for the payment why not consider swapping? All the things you own can be used as a substitute for money to be used as a trade. Imagine if you are buying from a seller that is retiring, he may prefer having the motor home you don’t use or any car, boats, or campers. Appliances can also be exchanged as a replacement for money. Furniture and other similar can be part of your investment to acquire a house for flipping. Whenever you consider the idea of swapping things for other when you are going to invest in real estate, the options are numerous.

However, in case you don’t have any unused motor home, or maybe you just don’t want to get rid of your car or boat, you can still use other things to swap for. If you are an accountant, contractor, mechanic, plumber, doctor, lawyer, or any other similar professional, you are more than capable to exchange your skills instead of cash. Doing services in exchange for money is widely accepted since you are paying with your skilled work. There is nothing wrong about doing this and you are able to exchange your services for real estate. This is a great idea if you have any professional skill or service you can offer.

If you have absolutely no credit and you don’t even dare to place a foot inside a mortgage lender or broker, then you can bring a partner into the business. Although this can become a great way to enter the market, things can get a little complicated when someone else is brought in. You can also simplify this by making a deal with your partner; as in they being the financers and you take part in assuring the deal. This way you manage all the contracts and the daily dealings while he is in charge of just taking care of the money. Additionally, they will feel comfortable of playing just a smaller role while you take the full responsibility of closing business and managing the investments. The best part of this option is you never have to exchange one of your belongings or any of your services since your partner is responsible for the money.

As you see, there are a whole lot of ways you can enter the business of real estate without having to put money down or a wonderful credit. You are capable of entering the business in many ways; all you need to succeed is your commitment towards the business.