Investing with no money down — the Realities

If it were easy-everyone would be investing in Real Estate

All over the Internet there are people telling you that you don’t need money to invest in real estate. “No Money Down” or “purchase investment property for $10,000 and have a cash flow of $700/month” are common promises. I hate to do this, but I am going to bring you back to reality.

Read Also: If it seems too good to be true….

But there is something you need to understand: You DO need money to invest in real estate.

With that said it doesn’t have to be your money. There are plenty of places to find funds… partners, investment groups, family, friends, your house, your retirement savings and other private money sources. Real Estate Investment Basics

At the end of the day, every real estate deal requires some cash. Even if you do a no money down deal that doesn’t require a cent for a down payment you will still need cash for things like appraisals, inspections and lawyers. Is this a good investment property? I hear that many times. Think about it. How many times have you seen a run down vacant property in Western New York and thought that would be a good investment? But if you never have invested before how does one know?

And, almost every property needs a bit of love when you buy it. Even a simple coat of paint requires some cash.

For more information call Colleen Kulikowski

(716) 650-0051

 

Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.

What about one of these homes?

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All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2014 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.


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About Colleen Kulikowski, Associate Real Estate Broker (716) 650-0051

Colleen Kulikowski is an Associate Real Estate Broker with the Griffin Team @ Keller Williams Realty Buffalo Northtowns specializing in Western New York residential homes who doesn’t follow trends; she blazes new trails and is able to recognize industry trends and implement them to her client’s best interest. Colleen has created a unique following with one of the top local internet positions in the country generating thousands of leads for her team. Real Estate is a second career for Kulikowski who’s first career was in Information Technology and Data Warehousing working for such companies as Radio City Music Hall, Nabisco Foods and as a consultant in the Financial and Insurance industries. A strong background in technology and management provides her with keen analytical and sharp negotiating skills.

Comment

  • Donette Moralas

    July 2, 2010 at 7:05 pm

    Great blog post.Really looking forward to read more.

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