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Regardless of what people are saying here, I'm going to tell you the truth. It IS POSSIBLE to buy with nothing down. It DOESN'T matter what your credit is. It DOESN'T mean no money is involved.

It is a basic concept of using OPM - Other Peoples Money. I have read other responders and I feel like I heard nails going down a chalk board. I DO NOT recommend going to your bank and financing 100% thru them, why? Most bankers do not want to do the work for you, of structuring the finance. You will get an extremely high interest rate this way (regardless of your credit) and you will pay PMI. All this means more money out of your pocket.

If you have good credit this is easy. You can use:
a. credit cards for down payment
b. equity from other property
c. take personal loan with no collateral
d. loan money on something you own.

If you have bad credit (or good)
a. as current owner to carry a 2nd. - Be prepared to show them the
value of such an endeavor.
b. trade something the buyer wants or needs for equity (airline
tickets, motorcyle, repair work)
c. Every major paper has people looking to invest their money for a
large interest rate. (this is ok if the profit is good and you
may sell this property fast).

My point be creative, this is a small list on the endless possibilities that are available. Each property and reason is different. Find the need, Fullfill the need and you are there.

Learn more about this author, Laundry Queen.
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