Article: Real Estate With No Money Down, Part 2
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Real Estate With No Money Down, Part 2
Here's a way to profit from real estate with no money out of your pocket that's a winner for everyone involved.
Find a vacant residential property that needs work. Instead of tying up your money buying it and dealing with the hassle of contracting the work (or spending all your spare time on it), tell the owner you'll lease it at 25% below market rent for a certain period of time, with an option to buy it at the end of that time, also at a percentage below market. If the property is the probable headache to a long-distance owner that seems likely, he may take you up on it.
Then, put a pulls-no-punches classified ad in the paper. It could be along the lines of "El Dumpo! Rent-to-Own, $0 down, You fix, 555-1243." You will get calls; screen the caller's background to see...
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