Creative financing - mitigating risk

3 Replies

Has anyone ever bought a house and sold it financed with no money down?

For example, buying a property for $50000 all cash and immediately listing it to any buyer for no money down and at a 30 year 10% Int rate payment term.

This means that the buyer would be responsible for any damage to the house and, if the legal part is put in place correctly, the property would go back to your possession if the buyer defaults on their payments.

Originally posted by @Santiago Coppoletta :

Has anyone ever bought a house and sold it financed with no money down?

For example, buying a property for $50000 all cash and immediately listing it to any buyer for no money down and at a 30 year 10% Int rate payment term.

This means that the buyer would be responsible for any damage to the house and, if the legal part is put in place correctly, the property would go back to your possession if the buyer defaults on their payments.

 Is there a reason you don’t want money down?