http://www.belowmarketvaluepropertyinvestments.com
A leading site for learning all aspects of no money down property investment from finding motivated sellers to buying below market value.
Many investors create property portfolios without putting any of their own money up front. This is known as No Money Down and is a tool for buying property below market value without tying up any of your own money up front. The secret is to find genuine below market value (BMV) properties and borrow against the actual market value of the property rather than the BMV purchase price.
There are various property financing services that provide no money down solutions to real estate and property investments. These services allow investors to take out what is known as a closed bridging loan. This enables them to buy a property without having to use their own money as a deposit.
This type of loan is an effective way of financing the purchase of real estate without the investor unnecessarily tying up his own money sometimes for years.
Taking out a closed bridging loan to invest in property no money down can also yield instant cash returns on completion. Traditionally for example lenders will normally loan a maximum of 85% of the properties valuation or purchase price depending on what is lowest. The investor is still required to come up with the other 15% of the value in order to finance the purchase.
Closed bridging can be a very effective way to quickly grow a portfolio if you are purchasing properties below market value. It can enable you to buy no money down and then get instant money returned to you on completion.
A bridging loan is a tool, and just like any tool it is extremely useful when used correctly.
Once you have found a BMV property then effectively you can buy the property with minimal or no money down.
You have to ensure that you are dealing with time motivated sellers (i.e. people being repossessed) with enough equity in their property to pay their mortgage and all their liabilities off.
This is what a no money down real estate BMV deal is, usually 15-25% below market value with the aim of having to use none of your own money to finance the deal.
As described in my free no money down mini course, my preferred method is to buy with no money down using closed bridging.
You would purchase the property using 100% closed bridging finance and then immediately (on the same day) refinance using a traditional buy to let mortgage which is the strategy behind no money down financing.
This allows you to complete a no money down deal as the bridging finance pays for the initial purchase at below market value then a pre arranged buy to let mortgage repays the bridging and potentially any cash back that you have negotiated.
Many serious property investors have created enormous no money down property portfolios with very little money upfront. The secret is borrowing against the value of a property rather than the purchase price which is the technique behind no money down investing.
Summary of how to purchase a no money down property using closed bridging finance
1. Speak to a closed bridging finance company. BMV Properties can arrange this once you have a property in mind with fees from 0.75%. Please email simon@belowmarketvaluepropertyinvestments.com for further details
2. Arrange the mortgage based on the true market value of the property.
3. Instruct your solicitor to start the conveyancing process
4. When you are ready to complete and the buy to let mortgage funds have arrived at your solicitors, the bridging funds are then also sent to your solicitor.
5. The bridging funds are used to purchase the property at the purchase price you have negotiated (The bridging finance covers this 100%).
6. The property is then immediately refinanced (same day) using the buy to let funds and the bridging finance plus interest is paid back and any equity balance paid to you.
You can learn proven No Money Down strategies with my FREE mini-course - "Six Tips and Techniques for Maximizing Profits From No Money Down Property (BMV) Investments" This is a £127 value course for FREE
How to buy unlimited no money down homes using little to none of your own money.
How to find the best motivated sellers and BMV properties.
How to get started buying below market value properties and how to build your property portfolio and buy real estate with no money down.
I know how to spot the best below market value investment opportunities and how to find them before everyone else does. I can show you how.
Would you like to profit from the proven method of investing in below market value property as described above? Then take action by signing up for your free 6 part tips and techniques now. (Delivered in 6 emails).
Visit http://www.belowmarketvaluepropertyinvestments.com now for your FREE breakthrough 6 part mini course on below market value property investments
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Can You Really Buy Property With No Money Down?by joseph417653,745 views
dangerous for people - would not recommend this
buytoletlandlord 2 months ago
With the right finance provider profitable property investments are within the reach of most people. The credit crisis has increased the number of forced sales and therefore the opportunities massively.
EasyFinance 4 years ago