How do I buy vacant lots no money down?

Question

I am brand new to this but I have a really great idea that I want to explore and scale. I just need to get my first property so I can walk it through.

Eliott Elias · Answer

Even if you negotiate a deal with no money down. They are going to be closing costs involved.

What are your plans with this vacant lot? Considering you have no money.

Randy Rodenhouse · Answer

If you want to buy lots/land no money down then you typically have to work with the seller to buy it with owner financing or sub2. Most lenders (even private or hard money) are going to require some money down especially land. You said you were brand new and I would not think that buying a lot is the best place to start since the lot does not cash flow until you have a house on the property or you sell it to someone else with owner financing and make the spread.

Chris Seveney · Answer

Most vacant lots we see with zero down are over priced lots or junk lots that cannot be built upon. So be careful

Travis Timmons · Answer

You get things no money down if you substantially overpay or buy from a seller with no other options. It's a bad idea. It's an even worse idea if you don't have any money or easy access to it.

Edgar U. · Answer

This is what I do in scale every month! Best is to find a great opportunity and send it to someone for funding, hence, no money on your side only for marketing/time.

Send me a PM with anything specific you have in mind!

How do I buy vacant lots no money down?

How do I buy vacant lots no money down?

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