"Opportunity is missed by most people because it is dressed in overalls and looks like work." - Thomas A. Edison

"Get off that couch and go buy that rundown duplex" - me

Thursday, August 21, 2014

No money down is possible...

But you always gotta pay somehow!
We have done many zero down deals, but they always seem to cost the most! Time, effort, fix-up costs, interest, they will cost you somewhere.
Not that that's necessarily a bad business model. If done right, it can be the perfect solution for broke investors (what other kind is there when starting out?) to substitute something else for cash down.
Just make sure you can get CASH FLOW. Without it it's a false economy. You aren't putting any immediate cash down, but you will be every single month! That is not path to financial freedom. I like real estate, but not enough to pay every month to own it...

No comments:

Post a Comment