In today's lending environment it will be a very difficult task. Your best hope is probably the seller. If you do find a seller who will carry with 0 down you need to ask yourself why? Why would someone sell with no money? There are actually quite a lot of reasons, some bad. However there are some valid ones like not wanting to pay capital gain and not wanting to do an exchange. Maybe the seller wants to be relieved of the duties of management and maintenance but stlill maintain a cash flow? Most properties won't cash flow with 0 down. Look for something that has upside so it will later. Good luck because you have a difficult task ahead of you. Paul Sylvester, CCIM
Yaros,The best way to buy an apartment complex with 0% down is to bring in partners to provide the down payment. You can work up a suitable partnership based on what services you will provide and what return the partner might get on the investment. There are many great deals in the marketplace today. This is a very good idea.Georgette Sims, REALOR - Kenosha, WIgeorgette@bearrealty.com
Hey Yaros,The partner thing would work I might be able to help you with that contact me at firstname.lastname@example.org look forward in hearing from you
Always seek partners, if you do not know how how it is by advertisment, rather you are experianced or not if the deal makes logical sense and you have an exit strategy someone will fund you and or help you. Also look for hard money lenders in your area. K. BookerDubai Capital GroupKBooker@dubaicapgroup.com
The partner thing is a great idea. If you truly wanted to buy a property with $0 down, in that you would owe what you paid, you would need an initial cap rate of no lower than 8%. That cap assumes you could get the financing at 6.5% amortized 30 years. Closing costs would increase the cap some. You would show a slight profit. The partner thing allows you to "participate" with others that have money and is a good vehicle for you. I answered over the weekend but the answer hasn't been posted. In that answer I mentioned owner financing and some of the things to watch out for. If you want more information e-mail me a email@example.com or call at 626 485-5163. Paul Sylvester,CCIM
Without partners, or seller financing, forget about these projects.
buy with partners, have flexible seller, seller credits, seller 2nd, downpayment assistance, short sales with 85% occupancy, you will make cash money when you buy.
buy with partners, have flexible seller, seller credits, seller 2nd, downpayment assistance, short sales with 85% occupancy, you will make cash money when you buy.we are always looking for good partners firstname.lastname@example.org
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