No Money Down

Can I get a Real Estate Loan with No Money Down?

Q.  I don’t have any money or equity, and my credit sucks. Can you give a rehab or rental loan.

A. No.

Q. But it’s a great deal!

A. Still no.

Q. But….

A. No.

Really, this conversation comes up way to often. You need to have skin in the game. Cash is preferred, but sometimes equity can work. If you are short cash, work on strategies that will allow you to grow some capital for investing. Preferably, you can do this through a real estate related activity, but even a part-time job can get you the capital needed to jump start your real estate investing.

All that said, there actually is 100% financing available for real estate investors. However, the cost of the loan is so high, you are almost always better off selling the deal to someone else, or putting together some other creative solution.