How to Invest In Real Estate with No Money down

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The first step in this is to talk to the sellers of the property and most often, not the brokers. Brokers are always there to defend the source of their commission and as such would say to you that their clients would not consider a purchase without a down payment. This step is important because sellers sometimes are willing to sell on far more liberal terms than their brokers think of. There are different reasons why sellers sell property with the no-down-payment option. Some of them are listed below. Some sellers do not need cash at the moment, and so they consider their long term needs by selling for no down payment. Some others have let the property run down so badly that only a no-cash buyer usually would be interested. Both types may desperately want to free themselves from the challenges involved in managing the property. They would prefer the steady income and high interest yield from a long-term trust deed or mortgage. Some distress situations also offer similar opportunity. An owner for instance, who is stuck with the sale of a particular property-the types that does not give the desired profits, or that results in losses, may be concerned with cutting his losses and so he grudgingly opts for the no-down-payment buyer in order to get the problem off his hands. Banks, finance houses and lenders who have had to foreclose on a property they do not want will often rid themselves of it for nothing down and on affordable terms. Most unfortunate occurrences such as divorces, remarriages, illness, deaths and loss of jobs or job changes can often make people consider secondary the immediate cash inflow. They consider the steady income from payment of the principal and interest on notes which is more attractive than cash that would be heavily taxable in the immediate. Certain kinds of real estate- desert land and resort properties for example, are often hard to sell at a good price unless the seller is ready to wave most or all of the down payment. http://sellmeyourhousetoday.com/blog/how-to-invest-in-real-estate-with-no-money/ The Rehab Valuator Lite is a free real estate investing, program that analyzes properties for wholesaling, renting and flipping. It assists you to calculate financing costs, estimate repairs and figure profits and returns at a click of a button. How can the Rehab Valuator help fix and flippers? This program assists fix and flippers in various ways such as figuring repairs cost, determining financial costs, determining carrying costs and closing costs. The program is in an excel sheet that stimulates you to feed in essential data on a flip; repair estimates, loan terms, purchase price, length of the rehab, selling costs, closing costs and the after repaired value. The form gives accurate percentages and pre-populated for common costs of these heads. It then informs you the potential profit, the finances required and the return on your investment. Financing costs: this program is great for wholesalers and flippers due to its many features built in for hard money loans. You can select a loan amount on the based on the ARV and choose the points to be paid when you dispose the estate or house. However, if you have other sources of financing, you can still enter even if it is quite tricky. Repair costs: This program has a separate page for repair costs on flips. Due to varying of cost depending on the scope of location and work, the program does not give common costs for repairs. The form lists various repairs to be carried out, costs for the repairs, time frame and then the form calculate the repairs costs and times frames for the whole project. Selling costs and carrying costs: majority of the investors forget or ignore the carrying costs when flipping houses. You have to account for taxes, insurances, maintenance and utilities when you own a property. This program permits you to input all these holding costs on a monthly basis or as a lump sum. It then calculates costs on the basis of the months you will hold the property. Profit: when you feed in all the data into the program, it gives you the total profit and returns on your investment. How can the Rehab Valuator help wholesalers? The Rehab Valuator Lite help wholesalers to determine the price they have to purchase a house at and the price to sell it to an investor who would flip the property. This is done at a click of a button without any stress. This program is based on the 70% rule. However, you can adjust the 70% rule to any figure you wish, thus assisting to make a concrete decision. The program also generates comprehensive, professional reports that the wholesaler can issue to the investor. The more information is given to the investor, the more comfortable they feel purchasing the property. How easy is the program to use? The program is very easy to use, and it comes with video instructions. There is also excellent customer support if you require personalized assistance to kick off. The Rehab Valuator Lite is a great tool for real estate investing, stakeholders such as wholesalers, flippers or buys and hold investors. Rehab Valuator Lite software is a simple, FREE real estate investment analysis and property marketing software program for the wholesaler, rehabber and real estate investor - to save you time, put an end to overwhelming number-crunching, and make you a lot more money! This is great for anyone involved in house flipping and/or property renovation! Go here to learn more. http://sellmeyourhousetoday.com/blog/freerehabsoftware Article Source: http://EzineArticles.com/expert/Maurice_Reese/329115