How to Be A Super Property Investor by Nilesh H. Gohil - HTML preview

PLEASE NOTE: This is an HTML preview only and some elements such as links or page numbers may be incorrect.
Download the book in PDF, ePub, Kindle for a complete version.

What is a “No Money Down” deal?

A “No Money Down” Deal means funding a purchase of a property by spending little or no money of your own. This means that you have little or no capital invested in the property, which is ideal for property investors.

To structure a no money down deal you must be able to find different sources of finance for a deposit, mortgage, repairs, legal costs etc. The source of the funds can be from a combination of personal loans, credit cards, mortgages, remortgages, gifted deposits and so on. If you have sourced a BMV property then you can even structure a deal whereby you end up with a ‘cash back’ after the purchase. You will need a good credit record to be able to find finance from several sources over a short period of time.

Summary
In this section you need to have understood the following:
• The meaning of a “No Money Down” deal

BE PART OF THE

fastest