The no money down (NMD) mode of real property acquisition has been a darling topic for discussion on BP lately; we’ve had books, articles, and some of us were even on CardoneZone with Grant Cardone discussing the subject.
Brandon Turner came on first… he is too nice! I mean, he represented BP perfectly, but he is just so nice…
Me, not so much. Can you say… on fire, baby! BAM!
The thing I didn’t get a chance to get into with Cardone, and the thing that doesn’t get as much daylight as it should is the subject of land contracts. When we think of NMD, the first vehicle that comes to mind is usually land contracts. However, it is important to note that land contracts are indeed dangerous in several ways!
I am a huge proponent of “getting your foot in the door” via creative finance. But I must say this: When pursuing an installment sale vehicle, there are many, many caveats…
What do you think? If you’ve successfully executed a no money down deal, what advice would you give to give to a novice investor?
Leave a comment, and let’s discuss!