 I am buying my first house with my lifesavings (just my choice) but seller asked for a "insulting request" |
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 When buying STOCKS - What to look for? -- HIGH P/E ratios or lows.? |
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 Buying stocks increases value of a company.....where does that money go? |
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 Investing money? |
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 How do you save in a hyperinflation enviroment of one thousand %? |
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 Suggestions requested - Is this a wise investment? |
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 I have $ 2,500 to invest in cd's. Where to invest? |
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 What is the best thing to invest in Real Estate or Stocks? |
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 What ways would you suggest a young family invest their money- read more!? |
| We are a young family (mid 20's) who own our home and have two young children. My husband is getting a large promotion- bringing in about 25K more a year in salary and about another 25-35K a ... |
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 Coin collection: Is this a rip off? |
I saw an ad in a catalog selling a 1934 penny, nickle, dime, quarter, and a half dollar all for $27. How much is all that really worth? Is it worth more than $27? Please list your sources.
A... |
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 Do you think the stock market is going to crash tomorrow? |
Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
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 Is this a bad idea. ? |
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 Buying stocks...Need help? |
I am 16 years old and my dad is going to be buy me some stocks.
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bob | How can I invest in real estate with no money? |
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noble8fold
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If you don't have money you need collateral. Usually this is done by taking money out of your first home. Real estate for no money down and no collateral is not going to happen. I don't care how slick and easy the ads make it seem it just does not work that way. If you do not have a home now and have no money of your own you need somebody elses money to make it happen. You can talk others into lending you money but it's money in the end that is needed. No money down advertising means people don't have to have money in the bank they can borrow against the equity in their homes or talk others who have money into being partners with you. For people with nothing the hopes of homeownership with no money down is misleading cruel and impossible. If it were possible everyone would be a homeowner right? Sorry!! Really!!!!! |
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Rabbit
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Ah, yes, I can hear the old real estate hucksters now, "Buy with no money down!"
There are ways, but it is complicated, and comparatively uncommon. Between government programs that need to spin off foreclosed homes (HUD or such) and banks needing to keep a loan alive by letting someone assume a mortgage. That is the start of it. Usually the foreclosure stuff from government assumes that you are renting it out (some programs expressly forbid you to bid on properties that you will be personally occupying). Any time the anticipated rent exceeds the mortgage then that is in the ballpark for buying with no money down. Not every lender will let you, so you have to shop around and be careful at how you package what you are wanting to do.
It happens, but what we commonly call those who amass multiple investment properties like that -- is slum lord. |
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src50
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You can't. The infomercials are B.S. |
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Formerly known as Frank Castle
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You cannot be an astronaut if you are not a pilot and you cannot be an investor if you are broke. |
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Nikko L
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Find a mortgage lender that can put you on the FHA Nehemiah Loan Program. This is 97% loan financing and 3% will be contributed as a downpayment at Closing PAID by the Seller. So after you find you're home and negotiate the price then add amout 3% to the price. That way the Seller will pay your 3% downpayment at Closing (net will balance out for the seller.) Also negotiate the Seller to pay your closing costs. All this equals 100% financing. |
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go china
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borrow |
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david S
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Its easier to raise some money , then to go in real estate without money . Here's what you can do - create a plan . See what real estate you want to buy , then try to get some money from 3 F's friends , family and fools. They will lend you money . I didnt have money to start my real estate website www.forallhouses.info , but one of my family member saw potential and gave me money . |
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Bibs
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Impossible without getting screwed. |
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thmtom
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Don't. Never borrow to invest.
The only reason you should borrow for real estate would be something to live in. This is if you can afford it and you current pay rent.
Only get a 30 year fixed (which you can afford). Watch your monthly spending, like a hawk to a mouse, to figure how much you are comfortably able to put away after rent. Then decide what you can have as a monthly payment. Don't trust the real estate agent (or let him decide what you can afford). He is NOT your friend. Think: he is a clever enemy.
Also put more than 25% down so you don't have to pay mortgage insurance (waist of money).
Well start saving (putting money away). |
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FLCajun77
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To "invest" you have to have something. If you have no money then you have nothing to "invest". Save your money and buy a small property (single family or duplex). Rent it and use the extra to buy down the loan. After a couple of years you can either buy a second property or you can sell that property and buy another.
Don't try to go to fast or buy too big or too many. Put some $$ in savings for repairs, insurance increases, and in the event that the property is vacant for any period of time you can pay the mortgage until it is rented.
Commercial property is good except it takes more of a down payment to get into. |
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Phil
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if you think real estate will be profitable and you don't have much money try investing in a reit they pay their shareholders a 90% dividend which is very good. It trades just like a stock. I would get them through vanguard, fidelity, t-rowe, etc... |
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maddamselfly *musing*
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If you have a job you may be able to get a mortgage for the first house you buy but without money you will not have a lot of opportunity to make further investments unless you have partners with cash flow.
Banks require not only money but credibility which is a reliable income and usually includes some degree of established credit. |
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paulofhouston
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Lie!! |
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bermuda890
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A Mortgage. |
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