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Investing in Real Estate With No Money

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Is it possible to buy and sell real estate with no money down? Yes it is if you only realize the difference between a real estate investor and a real estate agent. An agent is more of a dealer and the mode of exchange is money and houses. A real estate agent deals in contracts, which means that very little money is required to be put down for a promise for the future.

In fact if you offer the right desperate seller the right cash out contract for his or her home you can acquire the contract to a house for as little as ten dollars. It happens all the time. However the usual deposit is usually between one thousand and three thousand, which is peanuts, compared to what you would have to put down to actually buy the house. A desperate seller usually sees that amount of money as an incredible windfall. Your next step of course is to sell the contract to a retailer (an agent or broker), which brings you a profit. This is known as the assignment of profit in real estate investment lingo.

Of course if you have bad credit this doesn't mean you should just jump into this business. Your credit may checked out by banks or real estate agents that you need to complete a transaction and if they see that it is not that hot they may refuse to work with you.

Another way to make money when you have no money when you are doing a real estate deal is to practice Double Closing. In this scenario the retailer agrees to buy the property from the dealer at a higher price and holds that amount in an escrow account for you to kick back to the seller once the deal is closed. The original seller then signs the property over to the dealer who then assigns it to the retailer. The retailer then signs the loan documents and everyone is paid. The seller pays a good price and the middle man (you) is paid the difference by the retailer.

You can also make money in real estate by being a professional scout. Scouts procure such information from potential sellers as the seller's name, number, contact information, selling price, information about the seller's credit, a photograph of the house and information about whether the seller is motivated to sell and the reasons why. You can then sell this information to real estate dealers and brokers for as much as $500 to $1000 a tip.

Yet another way to acquire home without putting a cent in is to simply sign an agreement that you will now be the person who will be assuming the mortgage payments. This is also a way to buy properties without having to go through a credit check!

As you can see investing in real estate so you can fix and flip a property does not always require a lot of upfront cash that is generated by you.
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