Search / 3 posts tagged no-money down financing

You’ve seen the real estate guru advertisements for books, DVDs, programs, seminars, and mentoring coaches promoting no-money-down deals. Perhaps you’ve watched the infomercial on TV with the people telling their stories of how they made millions investing in real estate with no-money-down and cash back to the buyers.

In my last post, I talked about how it is still possible to buy a home here in the Chicago area with no money down with FHA financing combined with a Down Payment Assistance program like AmeriDream or Nehemiah. But even if you are able to buy with no money for the down payment, there are still other costs you will need to come up with at the closing.

A few weeks ago I mentioned some pretty good tips on how to choose whether or not to move forward negotiating a short sale. Coincidentally, last week I made mention of buying real estate “subject to” the existing financing. With the market in its current condition, real estate investors can have the best of both worlds with a simple phone call.