How I Bought My First Property
I was 24 years old when I purchased my first property. I was young and didnt have very much money so finding a home to buy was a lot of work. I had learned about a way of buying by taking over the sellers mortgage payments and I decided to try that. First, I bought a list of home sellers that were FSBO (For Sale By Owner) off the internet. It took six months of dialing each of those sellers to find a particular homeowner who would be willing to sell the way I wanted to buy. He was okay with us structuring a deal where I made his payments for up to six years with the balloon payment to pay him off at the end of it in 2018. Check out more details in the video.
If you structure it right and you find the right property, you definitely can buy a home with 0 down payment. You can do it, but it's not as easy as people on all these shows, seminars etc.. will tell you. You have to not only do the work, but also not care where the property is located because you can't choose which homeowner would be willing to work with you. You have to find the right person. I did it. I was only 24 at the time and it was one of the best decisions I ever made.