I longed for to know how to deposit in shopping genuine estate with no income down as well as still have money?
- Where can I invest in a home with little money down and rent the house for a profit each year? (6)
- If I live in Texas and want to invest money in townhomes, how can I rent them out for profit? (2)
- Where do I get money to build a new house and sell for a profit? (6)
- an economy people invest money into a privite company in hope of making a profit? (1)
- what’s the best way to invest my money for a profit? (4)
- where can i invest some money and get back profit?? say i would invest 100$? (3)
- What is the best stock to invest money in and earn some profit on it? (8)
- When you sell stock at a profit, what do you do with the money? (7)
- What is b2b & how can i be benifited from it?(get some profit & earn money)? (3)
- will a TIC agreement on a duplex that divides equity and profit “as if” the house was condo-converted work (2)
- If I take my profit sharing money at 591/2 to purchase a home will i have to pay taxes on it.? (2)
- How long does it take for Walgreens to send the profit sharing money if I quit? (1)
- Real estate investing. What is the best way to buy a house, fix it and sell for a profit? (3)
- How can an average guy like me with $420 extra monthly learn to invest money from home and make a profit? (5)
- Made profit of $55 dollars, 11% of investment. How much money was invested? (1)
- Need investing advice. I just sold my house and made 23,000 in profit.? (14)
- If I sell my house and do not re-invest it by purchasing another house, will I have to pay taxes on the profit (8)
- If I sell my house & do not re-invest it by purchasing another house, will I have to pay taxes on the profit? (8)
- Should I invest all my money in financial sector if I wanna maximize my profit? I can wait for 2-3 years.? (7)
- Whats the best way to invest my money in 2011 to make profit legally? (7)
{ 5 comments }
Go to the site http://www.nomoneydown.com
you may have to pay a little,but they are supposed to have all of the secrets.
This is very difficult to do.
Typically, you have to purchase in a depressed area. Take on a huge mortgage then accept a risky renter. Remember then rent needs to cover your mortgage, PMI, Insurance, taxes, Utilities, and maintenance.
Try to find a property where the seller is willing to finance.
If this was easy everyone would do it.
If you could do that, your renter could too.
You can’t. Why would anybody rent a house for more money then it would cost them to buy it themselves?
While there are lenders that will do 100% loans, they will NOT do them for non-owner occupied properties.
You have to take into consideration, the rent not only has to cover your mortgage, but the taxes and insurance as well. It’s doubtful you could raise the rent enough to do that and make a profit AND still find someone willing to pay that much.
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