How I Bought a Property with Zero Money Down! 😲 Real Estate Investing Success Story

Hey, what's up, everyone? Today, I'm excited to share one of my favorite real estate acquisitions with you. We bought this property last year and are currently renting it out, all without putting any money down. Intrigued? Let me walk you through how we made it happen and the challenges we faced along the way.

We purchased this property 'subject to' the existing mortgage, which means taking over the property's payments without using our own funds. The seller, going through a divorce, owed $40,000 to the bank, but the property was worth $275,000. After borrowing $60,000 from a private money lender and investing $10,000 in repairs, we turned this foreclosure into a lucrative rental property.

Empathy and transparency were key in sealing the deal. By understanding the seller's situation and offering solutions, we secured the property at a deeper discount than competing offers. Plus, we even offered the seller a six-month leaseback for free to accommodate their needs.

Join me as I share more insights and tips on real estate investing success. Don't forget to like, subscribe, and hit the notification bell for more! See you in the next one! 🏡💰 #realestateinvesting #ZeroMoneyDown #investmentsuccess #rentalproperty #subjectto #EmpathyInBusiness