I want to purchase a property, but with no money or assets to put toward getting financing how do I do it?

In Buying Property - Asked by Jamar N. - Sep 26, 2011
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Answer(s)

James S.
Broker/Agent
San Antonio, TX

You need to find a partner(s) who do have money and assets to get "conventional" financing... it will be very difficult otherwise.

Sep 27, 2011
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Mark H.
Broker/Agent
Concord, NC

Show the credit worthiness of the tenant. Allow the bank to lien the rental income.
Answer the following question; How will the lender get re-paid?

Sep 28, 2011
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GEZIM D.
Owner/Investor
Braidwood, IL

start a REIT

Sep 29, 2011
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Adebo F.
Owner/Investor
New Castle, PA

Look for sellers that are willing to finance the entire purchase price of the property. Not easy to come by, but if you are in a community that has a lot of older buildings and thinning population, you might just get a chance to do just that.

Oct 1, 2011
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Valerie R.
Owner/Investor
Kankakee, IL

To purchase a property with no money or assets to put towards getting financing, you have to get a Equity partner who can provide the funds needed or Joint venture with another investor who can provide the funds needed for the real estate project.

Oct 12, 2011
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