A “No Money Down” Deal means funding a purchase of a property by spending little or no money of your own. This means that you have little or no capital invested in the property, which is ideal for property investors.
To structure a no money down deal you must be able to find different sources of finance for a deposit, mortgage, repairs, legal costs etc. The source of the funds can be from a combination of personal loans, credit cards, mortgages, remortgages, gifted deposits and so on. If you have sourced a BMV property then you can even structure a deal whereby you end up with a ‘cash back’ after the purchase. You will need a good credit record to be able to find finance from several sources over a short period of time.
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