The investor structured the deal without using any personal funds through a "layered" financing approach: : They secured an 80% loan from a local bank.
: The total financing reached $185,000 for the down payment and repairs, meaning the buyer walked away with a multi-unit asset using zero personal dollars . Common "No Money Down" Strategies how to buy an apartment complex with no money
: You take over the seller's existing mortgage, including its terms and interest rate, which can bypass the need for a new large down payment if the lender approves. The investor structured the deal without using any
: You provide the "sweat equity" (finding and managing the deal) while a partner provides 100% of the capital. Profits and equity are then split based on the agreement. : You provide the "sweat equity" (finding and
“We called up the private lender who was currently financing the properties... Then we pitched him the idea of us taking over the loan and purchasing the property from the current desperate owner.” Get Rich Slowly · 16 years ago