Grant Cardone gives you the 5 best practices for investing in real estate with no money down.
Follow Grant: Follow @GrantCardone
There is really no such thing as ‘no money down’ because no matter how you cut it, this is going to take time—and time is money. And Grant wishes he had spent more time raising money from others to invest, so that he could control properties with other people’s money. He gets a lender to give 70-75% of the purchase price and then writes a check for the remainder.
Here are the 5 basic ways to do deals with no money down:
1. Owner Financing
2. Borrow From A Private Lender For Down Payment
3. Signature Loan
4. Subject To
5. Equity Share Investor
No matter how you cut it this takes contacting buyers, looking in your market, prospecting and sales skills and lots of motivation.
You have to find the right product—then you need to sell someone on doing this with you.