Most depend on your appetite for risk and your personal skills. The options on how to buy rental property with no money down are more limited than buying with little money. Here are 10 tips to get you started on your journey to purchasing a rental property. Using FHA loans, you can finance a duplex with only a 3.5% down payment as long as you live in one unit. How to Buy Rental Property with No Money. 1. Buying a rental property can be difficult for first-time buyers. While buying with no money is not easy, it can still be done. For example, a seller may decline a down payment in return for higher monthly payments. Seller Financing. There are multiple strategies to get into a property deal without putting much money down. To purchase a property with no money down might seem like a too-good-to-be-true venture for most beginner real estate investors.
In turn, you are able to rent out the second portion of your duplex and gain extra profits. Usually, a portion, and sometimes all, of the rental payments will be credited toward the purchase price. Depending on your personal situation, there must be at least one method mentioned below that is applicable to you. Buying Property With No Deposits . Here’s how you can score a zero down payment mortgage — and the pros and cons of getting one. Buying off the plan. Hard, however, doesn’t mean impossible. You may even be able to buy your next rental property with no money down! There are, however, several methods and ways through which you can purchase a property with no money down. Another easy way to acquire property with no money down is with the help of the seller. Before we dive in, it’s worth pausing to note that the best source of funds for a down payment was, is, and always will be cash from your savings. A lot of research and effort will be needed, but it will help you reach the goal: investing in real estate for rental income. You are here: Landlord Blog » Landlord Articles » Buying & Investing In BTL Rentals » Buying Property With No Deposits. Buying a home and putting no money down to do it sounds appealing to many, but in reality it’s hard to get a zero down payment mortgage in this climate, as banks no longer offer them to most consumers. It is common practice to live in properties you hope to turn into rental properties first as to avoid harsher lender rules. Here are briefly some of your options for accomplishing this: Little- or no-money-down strategies.