Dave lindahl have some great news for everyone who is interested in the "no money down" deals: it can be done by every investor who is concerned to purchase a real estate. Once you learn the essential skills, you will be able to get good deals without worrying about the money down difficulty.
But initial, you have to understand that such real estate deals are not likely to be advertised as no money down ones. On the different, such deals have to be "designed" in order to become this way. The only things that you need are a little assurance in your own skills and some education in order to see each real estate deal as a actual opportunity even if you do not have the money. Start by finding a property that deserves your attention and investment. Then, provide yourself with some valuations on this property - have them done by special valuers.
Dave lindahl have other ideas you can use in order to take full advantage of the no money down opportunities: try and incorporate the essential down payment right into the selling price because you will get that exacting property without needing to pay for it up front.
You may also negotiate a sort of payment plan for this down payment or borrow the commission of the real estate agent in order to make this initial payment. You may also try and take over the current mortgage or offer a sensible trade in exchange of the down payment. Once you find this person, go and offer him a rent option with terms that are agreeable to both of you.
The main thing here is to try and find a seller who has troubles with selling a property and come up with your own solutions for this. Your solution may be a sensible lease option that can become very gainful for both of you. You will not have to put down the money, you may forget about getting a bank loan. Things can be simpler than this.
But you have to recognize that nobody is likely to find any pleasure in being sold. Therefore, you must avoid making your seller feel that he/she is ripped off. Forget about being a scam artist - just center on creative negotiating because this is the key element when it comes to securing the greatest rent options with "no money down" attached on them.