The Holy Grail - "No money down" or "Put up or Shut up"

[Giovanni Oliva]

Hello my fellow BiggerPocketors!

Is wholesaling deals with no money down possible or is it the Holy Grail? 

Any and all input is welcome......... 

[Steve Vaughan]

I've done this before @Giovanni Oliva but it wasn't my goal.  If it's all one can do, they will probably be turning rocks and wasting massive energy for years. A unicorn if not the holy grail.

Had a guy wanting to sell his 4-family on a master lease option with further development opportunity.  Additional water and power were at the site along with a large enough lot.  Anyway, I'm not a developer, so I talked to one at my meetup who also bought a 3-fam from me and he stepped in.  Instead of the $30k option fee the seller and I were discussing, I told him it was $35k.  He and the seller knew what I was doing.

Made $5k assigning my MLO without any money from me.  The Optionee paid $3k non-refundable up front to seller, which we split.  Got the balance a week later.  Brought my boys to the closing at the bank, then we went to Costco for hotdogs.  They were glad I didn't buy yet another rental that needs work!