We have some great news for everyone who is interested in the "no money down" deals: it can be done by every investor who is interested to purchase a real estate.
Once you learn the necessary skills, you will be able to get good deals without worrying about the money down problem.
But first, you have to understand that such real estate deals are not likely to be advertised as no money down ones.
On the contrary, such deals have to be "designed" in order to become this way.
The only things that you need are a little confidence in your own skills and some education in order to see every real estate deal as a genuine opportunity even if you do not have the money.
Start by finding a property that deserves your attention and investment.
Then, provide yourself with some valuations on this property - have them done by different valuers.
Once you have these valuations, choose the highest one and you must do this before buying the property.
If one of the valuations comes in even higher that the initial purchase price, you will have to get the necessary finance based on this valuation rather than the initial purchase price.
Just make sure that you get each of your properties financed with the highest loan to value ratio and you must aim as higher as possible because this strategy will help you to buy even more properties than before and update and enrich your current portfolio.
You can also try and make a real estate contract that is subject to the valuation that comes back at a particular price.
Once this valuation does not come back at this particular price, you can bail out but you can also ask your vendor to drop the initial price so that you are able to buy the property for "no money down" (just try this strategy, especially if you really love that property).
Here are other ideas you can use in order to take full advantage of the no money down opportunities: try and incorporate the necessary down payment right into the selling price because you will get that particular property without needing to pay for it up front.
You may also negotiate a sort of installment plan for this down payment or borrow the commission of the real estate agent in order to make this initial payment.
You may also try and take over the current mortgage or offer a reasonable trade in exchange of the down payment (auto mechanics, bricklayers, carpenters).
Or you may try and use a lease option: for instance, you can look for a seller who tries to sell a property but he/she is not able to do this.
Once you find this person, go and offer him a lease option with terms that are agreeable to both of you.
The main thing here is to try and find a seller who has problems with selling a property and come up with your own solutions for this.
Your solution may be a reasonable lease option that can become very profitable for both of you.
You will not have to put down the money, you may forget about getting a bank loan.
Things can be simpler than this.
But you have to understand that nobody is likely to find any pleasure in being sold.
Therefore, you must avoid making your seller feel that he/she is ripped off.
Forget about being a scam artist - just focus on creative negotiating because this is the key element when it comes to securing the greatest lease options with "no money down" attached on them.