Real Estate >> Real Estate No Money Down
Customer Review for Real Estate No Money Down
| Review Date
|
2006-09-04 |
| Reviewer
|
Rodney Boettger from Greensboro, NC USA |
| Rating
|
2 Stars or Acceptable |
| Review Title
|
The Low Down on No Down |
| Review
|
Although Wendy brings up some valid points, all of these ways are actually being used in today's market.
As with anything certain techniques do not work with everyone, however you are looking for just the ones that are willing to work with you, aren't you? So yes not every house can be purchased this way. Only those motivated sellers needing to sell will follow through.
The biggest drawback is the low or now down payment means you are highly leveraged in the property so on a resale if you do not structure it right you could be out of pocket a large chunk of expense money.
Today it is even being pushed by the mortgage industry with all their 100% and 125% loans. Just remember that if your area is not appreciating quickly or your price is too close to market this type of financing could be more harmful in the long run.
Good read though Wendy, thanks. |
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