4 Ways To Buy Houses with NO Money

I know there are a lot of people out there who want to get started in property, but don’t have enough money to buy real estate. So, can you buy houses with no money? In a recent video on my YouTube channel, I explain the exact steps to do precisely that! I highly recommend watching the full video (above) until the end if you want to get into property with little or no money down.

If you have no money to get started, saving often doesn’t help. By the time you have saved enough to put down a deposit on the average house, house prices have gone up. Then you’re back to square one again! That’s why you need to use creative strategies in order to buy houses with no money. In this article, I will give you a brief summary of 4 of those no money property strategies.

1. Buy Houses With No Money Using Joint Ventures

The first way to buy houses with no money is by joint venturing. This is where you find a property deal and team up with an investor who finances it. You will do all the work on the deal, arrange any refurbishment work and look after the property. The investor will put in the money.

If you can find a great deal and can demonstrate your knowledge, there are many investors interested in this type of arrangement. Depending on your level of experience and the deal itself, you will need to negotiate what ownership percentage you each receive.

2. Deal Sourcing

Rather than becoming a joint venture partner with an investor, why not simply sell them the deal for a fee? This is called deal sourcing. Most people with money in the bank don’t have time to: search for a great deal; attend endless estate agent appointments; and negotiate on price. They would much prefer to pay a fee for someone else to do this.

As a deal sourcer, your job is to find great deals and sell them to investors. You can make thousands of pounds on each deal. Therefore, you will be able to save up a deposit fast and buy your own property in no time!

3. Purchase Lease Options

Lease options allow you to take over a property and rent it out. You then have the option to purchase it years later at a fixed price.

How does this work? You make an agreement with the owner to pay the mortgage for a period of years and take over the property. You also agree a sale price that you have an option to exercise in that term of years.

Why would a homeowner agree to this? Many properties are now in negative equity. This means that the property is worth less than the remaining mortgage on the house. A lease option allows the homeowner a way to exit the property. Therefore, it is a win-win for buyer and seller alike.

4. Rent-to-rent

Another way to buy houses with no money is using the rent-to-rent method. Rent-to-rent is where you rent a property from a landlord and then rent it to other people for more.

There are two main ways of doing this. The first strategy is Rent2HMO (rent to house in multiple occupation). This is where you rent a property as a single let from the landlord and then rent the property out by the room. The second strategy is Rent2SA (rent to serviced accommodation). This involves renting the property out as a short stay let on websites like Booking.com and Airbnb.

All this is perfectly legal if you have the landlords consent and the correct contracts in place. You can then use the profits you make to save for a deposit to purchase a property of your own.

If you want to learn how to buy houses with no money, why not book on to my next training event?

On the course, you will learn how to:

Become a property investor using other people’s money so that you can get started straight away
Utilise the 5 different types of raised finance so that you know exactly what to offer and when
Find the perfect properties for the BRR strategy
Recycle your money so that you can ‘rinse and repeat’
Build a power team you can trust, so that you can save time and money
And much more!