Is there any way to invest on multifamily housing without any money down?

In Buying Property - Asked by Rhoda H. - Apr 2, 2010
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Answer(s)

Joe V.
Owner/Investor
Plymouth, MI

Many ways. Look for REO's. Banks must collect the rent checks and hold them in an escrow account with the SD's. The bank cannot legally make a profit, so they must give this money from escrow to you when you by the property from them.

Apr 2, 2010
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Bedlam R.
Broker/Agent
Owasso, OK

Yes, it is possible, but not probable. The easiest way would be if you could find an owner willing to do an owner carry. That way, you wouldn't have to go through a traditional bank. Once the property title has been in your name for 12 months, you can refinance it and thus get out of the owner carry without ever having put any money down.
www.bedlamrealty.com

Apr 2, 2010
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Jennifer D.
Broker/Agent
Danvers, MA

Not likely, but possible. The best way is either 100% owner financing or a master lease option. In both instances the buyer is allowed to build enough equity to finance out the seller in due time.
Brian Dapice
Keller Williams Commercial

May 7, 2010
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