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Updated about 7 years ago on . Most recent reply

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JoQuisha McGraw
  • Cheltenham, PA
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Real Estate Investment Property With No Money Down

JoQuisha McGraw
  • Cheltenham, PA
Posted

Who has successfully invested in real estate property with no money down and what was your strategy?

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Kevin Phu
  • Rental Property Investor
  • San Diego, CA
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Kevin Phu
  • Rental Property Investor
  • San Diego, CA
Replied

@JoQuisha McGraw, I agree with @Christian Bors on the fact that it is difficult. Especially in today's competitive market. I am a newb looking to purchase with as little down as possible. I am using a VA loan so technically I am putting $0 down but that's not the only cost associated with buying a property. You have to consider closing costs, inspections, appraisals, etc... Of course you could negotiate with the seller to have them cover some or most of it but again, considering today's competitive market, I would say it is highly unlikely you'll get it all covered/credited 100%. Therefor you will have to put some money down. Is it possible? I'm sure it is. Is it as easy as they say? I wouldn't say so.

What is your plan?

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