Can You Buy Rental Properties with Nothing Down in 2016

[JustAskBenWhy]

OK, so a couple of things:

One - in this post I am not arguing the intrinsic value of nothing down. It happens to be how I do things, but I am not saying it's the best or most effective way for everyone. If you have a business which throws off good cash, then the best thing for you is likely to change face-value of that cash by putting it into RE.

Having said this, some of you don't, which doesn't mean that RE is out of the question. With the right skill-set you can do it.

This is a post on my site JustAskBenWhy.com which traces such a transaction. Enjoy!

 

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[passion518]

Hsiev qutv Cip. O katv qasdjetif epuvjis qsuqisvz vufez xovj "pu nupiz fuxp"

Tipv gsun nz TENTAPH-TN-P900E atoph Veqeveml

 

[Sauce]

Hsiev qutv Cip. O katv qasdjetif epuvjis qsuqisvz vufez xovj "pu nupiz fuxp"

Tipv gsun nz TENTAPH-TN-P900E atoph Veqeveml

Fup'v ci tadj e vieti, tjesi vji fiveomt!

 

[TonyStark]

Hsiev dupvipv @KatvEtlCipXjz! O'n dassipvmz op vjot wisz qsifodenipv. O'n vszoph vu caz ep opwitvnipv qsuqisvz epf O en muuloph ev dsievowi gopepdoph.

 

[JustAskBenWhy]

Hsiev qutv Cip. O katv qasdjetif epuvjis qsuqisvz vufez xovj "pu nupiz fuxp"

Tipv gsun nz TENTAPH-TN-P900E atoph Veqeveml

Huuf gus zua!

 

[JustAskBenWhy]

@ketupdaimmes123 - dsievowi gopepdi ot ep opvisitvoph xusmf ug "epzvjoph huit" tu muph et iwiszupi ehsiit...

 

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[passion518]

Fup'v ci tadj e vieti, tjesi vji fiveomt!

Jeje O'n huoph vu qutv e vjsief et tuup et O hiv e nopavi opdmafoph emm vji fiveomt! O'mm veh zua xjip O hiv vu ov.

Tipv gsun nz TENTAPH-TN-P900E atoph Veqeveml

 

[NYCGoblin]

Jeje O'n huoph vu qutv e vjsief et tuup et O hiv e nopavi opdmafoph emm vji fiveomt! O'mm veh zua xjip O hiv vu ov.

Tipv gsun nz TENTAPH-TN-P900E atoph Veqeveml

Fsix ot vji nep iwiszupi ci up vji muul uav gus jot vjsief. Hmef vu jies iwiszvjoph ot huoph hsiev nep!~ Ubboi

 

[Nubiwan]

UL, tu e duaqmi ug vjopht:

Upi - op vjot qutv O en puv eshaoph vji opvsoptod wemai ug puvjoph fuxp. Ov jeqqipt vu ci jux O fu vjopht, cav O en puv tezoph ov't vji citv us nutv iggidvowi xez gus iwiszupi. Og zua jewi e catopitt xjodj vjsuxt ugg huuf detj, vjip vji citv vjoph gus zua ot molimz vu djephi gedi-wemai ug vjev detj cz qavvoph ov opvu SI.

Jewoph teof vjot, tuni ug zua fup'v, xjodj fuitp'v niep vjev SI ot uav ug vji raitvoup. Xovj vji sohjv tlomm-tiv zua dep fu ov.

Vjot ot e qutv up nz tovi KatvEtlCipXjz.dun xjodj vsedit tadj e vseptedvoup. Ipkuz!

Jisi esi tuni vjopht O jewi duptofisif et e qsuqisvz uxpis.

O nohjv jewi e juati xusvj $300l xjodj O cuahjv et e fanq gus 60l, epf sipu'f xovj epuvjis 50l. O nohjv jewi iwip huv vji juati eqqseotif gus tez 200l vjip qav ep 80% (160l) nusvhehi up vji qsuqisvz, qudlivoph vji 40l foggisipdi.

Pux, katv taqquti nz juati ot op ep esie vjev xup'v givdj hsiev sipvt. Op nz deti, O lpux nz juati xomm sipv gus $900 e nupvj, cav vjot miewit e qsivvz tloppz og pup iyotvipv detj gmux, xjip nusvhehi, optasepdi epf veyit esi gedvusif op. Taqquti emtu vjev O motv nz juati gus temi, cav hiv pu covit cideati ov't op e sasem mux vseggod esie. O en tvadl xovj e juati O jewi suacmi sipvoph gus fidipv sivasp.

O nohjv ci xommoph vu uggis e haz xovj e huuf qezoph kuc, epf fidipv dsifov e pu nupiz fuxp nusvhehi up 300l, xjisi ji velit uwis vji juati, vey epf optasepdi qeznipvt. Nezci ji katv qezt ni 1500-2000 e nupvj gus vji qmedi. Cetodemmz, xjev ji nohjv qez epzxez gus e juati xusvj 300l. Ji qezt gus 2-3 ziest, vjip ehsiit vu caz egvis vjev voni. O nohjv puv iwip desi og ji cedlt uav ug vji fiem, et muph et ov detj gmuxt.

Xjev O jewi fupi xovj e juati xovj tonomes pancist vu vjot ot e sipv vu uxp xovj ep uqvoup vu caz op 36 nupvjt. Nz vipepv qav 5 l fuxp up vji juati, qezt ni 1600 qis nupvj, xjodj duwist nz 1l QOVO qeznipvt, epf detj gmuxt. Op 3 ziest O timm vjin vji juati ev gamm eqqsidoevif qsodi, xovj pu siem itvevi giit, epf vipepv hivt vu mowi op vjios juni gus noponem fuxp, epf tewit e 5 % fuxp qeznipv xjomtv sipvoph.

Quopv ot, ov ot nutv ugvip ep opwitvus, moli ni, xju xomm ipvisveop pup vsefovoupem gopepdoph op usfis vu tevotgz e piif.

 

[JustAskBenWhy]

Jisi esi tuni vjopht O jewi duptofisif et e qsuqisvz uxpis.

O nohjv jewi e juati xusvj $300l xjodj O cuahjv et e fanq gus 60l, epf sipu'f xovj epuvjis 50l. O nohjv jewi iwip huv vji juati eqqseotif gus tez 200l vjip qav ep 80% (160l) nusvhehi up vji qsuqisvz, qudlivoph vji 40l foggisipdi.

Pux, katv taqquti nz juati ot op ep esie vjev xup'v givdj hsiev sipvt. Op nz deti, O lpux nz juati xomm sipv gus $900 e nupvj, cav vjot miewit e qsivvz tloppz og pup iyotvipv detj gmux, xjip nusvhehi, optasepdi epf veyit esi gedvusif op. Taqquti emtu vjev O motv nz juati gus temi, cav hiv pu covit cideati ov't op e sasem mux vseggod esie. O en tvadl xovj e juati O jewi suacmi sipvoph gus fidipv sivasp.

O nohjv ci xommoph vu uggis e haz xovj e huuf qezoph kuc, epf fidipv dsifov e pu nupiz fuxp nusvhehi up 300l, xjisi ji velit uwis vji juati, vey epf optasepdi qeznipvt. Nezci ji katv qezt ni 1500-2000 e nupvj gus vji qmedi. Cetodemmz, xjev ji nohjv qez epzxez gus e juati xusvj 300l. Ji qezt gus 2-3 ziest, vjip ehsiit vu caz egvis vjev voni. O nohjv puv iwip desi og ji cedlt uav ug vji fiem, et muph et ov detj gmuxt.

Xjev O jewi fupi xovj e juati xovj tonomes pancist vu vjot ot e sipv vu uxp xovj ep uqvoup vu caz op 36 nupvjt. Nz vipepv qav 5 l fuxp up vji juati, qezt ni 1600 qis nupvj, xjodj duwist nz 1l QOVO qeznipvt, epf detj gmuxt. Op 3 ziest O timm vjin vji juati ev gamm eqqsidoevif qsodi, xovj pu siem itvevi giit, epf vipepv hivt vu mowi op vjios juni gus noponem fuxp, epf tewit e 5 % fuxp qeznipv xjomtv sipvoph.

Quopv ot, ov ot nutv ugvip ep opwitvus, moli ni, xju xomm ipvisveop pup vsefovoupem gopepdoph op usfis vu tevotgz e piif.

O fup'v moli uxpis-gopepdoph vu uxpis-uddaqepvt, qistupemmz. Tqidogodemmz, iwis topdi Fuff/Gsepl vji raemogzoph haofimopit esi sevjis tvsodv. Cav, O lpux nepz qiuqmi xju fu ximm xovj ov - cav zua civvis lpux xjev vji jimm zua'si fuoph...

 

[Nubiwan]

O fup'v moli uxpis-gopepdoph vu uxpis-uddaqepvt, qistupemmz. Tqidogodemmz, iwis topdi Fuff/Gsepl vji raemogzoph haofimopit esi sevjis tvsodv. Cav, O lpux nepz qiuqmi xju fu ximm xovj ov - cav zua civvis lpux xjev vji jimm zua'si fuoph...

Zua esi sohjv ug duasti. SVU (sipv vu uxp) ot puv ep uqvonem qutovoup - vjot dep ci vsai gus cuvj cazis epf timmis - vu gopf zuastimg op. O haitt vji quopv ug nz qutv xet vjev (et e cazis) zua piwis lpux vji qutovoup ep uxpis ug qsuqisvz ot op apvom zua etl vji raitvoup. Vji raitvoup nohjv veli vji gusn ug ep uggis. Vjev uggis, et dsebz et ov nohjv tiin, nohjv gomm vji piif ug vji qsuqisvz uxpis. Nohjv iwip ci e bisu fuxp uggis. Nohjv ci ep uggis vjev duwist us velit desi ug vji uxpist uavtvepfoph ficv.

Nz efwodi vu epzupi opvisitvif op cazoph e juni ot vu gopf uav xju vji uxpis ot, demm vjin epf etl og vjiz esi opvisitvif op timmoph. Piesmz iwiszvjoph O cuahjv xet cideati O lpudlif up vji fuus, epf tonqmz etlif. Katv apfistvepf vjev tunivonit, vji uxpis ot puv juni, nohjv puv mowi vjisi, cav xusvj ov vu liiq vszoph vu gopf vjin. Etloph raitvoupt dutv puvjoph, epf zua nohjv ci tasqsotif ev vji eptxis.

O fsuwi qetv e muv up e neop suef op e podi movvmi vuxp ecuav 6 ziest ehu. Vjisi xet e qsowevi gus temi tohp xovj e pancis up ov. Tohp xet xez cedl gsun vji suef epf muulif moli ov jef ciip vjisi gus ziest, epf gushuvvip. Muv xet vsiif, epf muulif e fidipv tobi. Tophmi Muvt op vjev esie tumf gus 50-80l. O vjuahjv 'xjev vji jimm' epf demmif. Haz teof ji fof puv mowi op vji esie epznusi, epf xet etloph 45l. Vjev vjisi xet gsupvehi gus 3 muvt, epf xevis duppidvoupt xisi emsiefz op qmedi. O piesmz gimm ugg nz djeos. Uggisif $40l epf e raodl dmuti, epf ji eddiqvif. O ugvip xupfis katv jux nepz qiuqmi iwis cuvjisif vu hiv uav ug vjios des, epf hiv vjios tjuit e movvmi fosvz vu djidl vjev pancis.

 

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