Buy Property With Small or No Money Down

It has been almost one year since I decided to learn more on property investment. It started by joining the Property Investment Program and start involve in the network that have as one of the benefit of the program.

One thing that attracted me to join the program was because the program will share and teach on how to invest property with small or no cash down. I was so impressed as I found that it was very difficult to buy property when we don’t have a lot of money.

As of now, I have bought one apartment with a little money down just before one month after joining the program. And today I also in the process of getting another property with as little as possible money down. Let me share this idea so that you could consider it as well.

The only reason when I couldn’t bought property last time was because I didn’t have enough cash to pay for the down payment. Especially for those who just graduate and just working for 1-3 years, may not have enough cash for the down payment of the property. Second, through personal effort, it was difficult to get a bargaining power so that we could get a flexible payment for the property. So many option for the financing of the property, but if we only apply alone, then there will be no bargaining power at all. Third, it was not so easy to get high percentage of bank loan if we apply as an individual. Just example, 1 year ago I was interested in Thailand property, however since I am a foreigner, the bank only offer me maximum 70% loan, that means I need to come up with 30% DP, which is not that small. With that straight away I was not interested since I didn’t have much cash on hand.

Now, based on those experience, one way to buy property with small cash or even without cash is by co-sharing or co-owning the property. With that, we can share the DP by few people so that instead of come up with 20% DP for example, we can only come up with 5% by having 4 person as a co-share. Using this method, now is possible to own a property with only small cash.