Orlando, FL · Member since 2014 · 62 posts · 17 votes
Hello BP'ers
So I just wrapped up reading Robert G. Allen's book "Creating Wealth", and I was really intruiged by his methods of financing his deals. He is really trying to drive home the point of finding win, win deals with as little money down as possible using seller financing. But my question is, how often can you come across these deals? Is it really possible to buy property with no money down? Im assuming there is a level of complexity that goes on in finalizing these deals..
Lender · Greater LA/Orange County area, CA · Member since 2012 · 3k+ posts · 3k+ votes
12y
I found myself at Mr. Allen's home at a BBQ several years ago. Not surprisingly, my other real estate friends and I had all researched ownership of his house before the party. Title not in his name.
As to no money down, sure it's possible. The odds are good that the goods will be odd. But the fact is, you'll occasional find a deal where down payment just isn't essential to make the deal. Example: you solve a problem that others can't, won't or don't know how to solve.
Jay Hinrichs - did you translate your Australian book into English? : )