Updated almost 6 years ago on . Most recent reply
No money down Properties
Hi guys. A co-worker of mine and I were talking one day and were discussing his new property acquisition which consisted of land right under 30 acres with 2 existing structures ( a 3/2 house and work shop). He explained to me that he was able to get this property at a fair price per acre along with being exempt from pulling out any cash for the down payment. From what he said, he was able to do this because the property is a rural development home.
What is this and what allowed him to be able to avoid putting out any money up front? And can you work this into aquiring a deal when wholesaling?