‘vendor take back’ Archives
Can I be a Real Estate Investor with bad credit and no money?
Absolutely. I do it all the time.It still amazes me how many times this question gets asked. I have purchased all my properties with nothing down and I continue to do so. I used to have bad credit and I still don’t have great credit. The problem with my credit now is that I have so many mortgages. If you have no money, you can acquire properties [...]
Vendor Take Back Mortgages
What is a Vendor Take Back Mortgage? (VTB)?A VTB is probably the simplest and easiest form of creative financial assistance. Basically, what you are doing is getting the current owner (or vendor) to help you finance your purchase. They are giving you a loan. Why would they do this? There are many reasons. The bottom line is that they are so [...]
Nothing Down
People are always suprised when I tell them that I have bought most of my properties with "nothing down". They are even more suprised when I tell them I did it using several different methods.Nothing down does not mean that you don't have a down payment. Nothing down simply means that "you" don't use any of your own money for the down payment.Here [...]
