Comments on: LET’S GET SOMETHING CLEAR… http://thenewinvestor.ca/investment-property/ Honest Insights on Investing in Real Estate Thu, 27 Dec 2012 18:05:44 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Anthony http://thenewinvestor.ca/investment-property/#comment-87 Anthony Tue, 14 Feb 2012 01:08:31 +0000 http://beaconbayproperties.ca/?p=15#comment-87 There are several ways to get into the market without having money to put down as a deposit. Here are 4 examples:
1). Lease to Own, in which you agree with the owner that you will lease the place for now and have the option to purchase the home at a later time – in the meantime you control the property and can even put it up for sale on the market as long as you meet your commitments to the owner upon sale.
2). Get a Joint Venture partner that puts up the deposit money and gets a percentage of the property. They can also be on the mortgage or not.
3). Use a loan as your down payment – If you already own a home you can get a line of credit on the equity to use as your down payment on another home. Alternatively, you could also get a regular line of credit from the bank and use that money as a deposit.
4). Wholesaling – in which you make the deal for a property and then turn around and flip it to another buyer for a profit while paying out the original owner the same day that you close with your buyer.

These are only a few strategies that can get you into the market. Naturally, they require a little more work and require more steps than I can explain in this reply. However, these are just 4 of the many ways that you can get into the market without having cash in the bank. Other ways include: Selling a portion of your existing property to a partner for cash to be used on another property, assuming the mortgage from the seller, Vendor take-back (getting a mortgage and agreeing to pay back the owner the remainder ie. the deposit amount), partnering with the seller on their own home by taking on a portion of their debt, I can go on!

This is a great prompt for me to look at posting some more specific techniques to help open your minds to the ways that you can LEGALLY start playing the Real Estate game with little or no down payment. Keep checking in for future posts on this topic!

]]> By: Shari Thompson http://thenewinvestor.ca/investment-property/#comment-82 Shari Thompson Wed, 08 Feb 2012 13:40:47 +0000 http://beaconbayproperties.ca/?p=15#comment-82 People tell me the best method to learn is to play yet I don’t have funds to deposit.

]]> By: Bettye Robinson http://thenewinvestor.ca/investment-property/#comment-79 Bettye Robinson Tue, 07 Feb 2012 17:21:23 +0000 http://beaconbayproperties.ca/?p=15#comment-79 There are many different methods for actively playing but yet no-one’s hit on a good idea. Quite possibly they don’t want to reveal it.

]]> By: Trevor Glisan http://thenewinvestor.ca/investment-property/#comment-55 Trevor Glisan Tue, 10 Jan 2012 11:53:57 +0000 http://beaconbayproperties.ca/?p=15#comment-55 I dugg some of you post as I thought they were extremely helpful extremely helpful

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