I am excited to say I have a potential new method of how to do no money down investing.  To say I was excited would be an understatement.

 

This method can also involve those of you who have a bit of cash and want to put it to use and earn 1% per month on a SECURED basis.

 

This method will mean you can actually buy any property you find on Rightmove or anywhere else WITHOUT it needing to be structured below market value.

 

It will mean you can negotiate the price to as low as you can and there will be no need for the RICS valuation to be in excess of the purchase price.

 

This method, if it is a goer, will mean:

 

• Only one set of legal fees instead of two
• No generous RICS valuations required
• Literally NO CASH INPUT.  True 100% financing including all fees
• No complicated legal processes to stay within the law regarding full disclosure

 

It all hinges on having sensible conversations with brokers who have direct access to funds or finding private lenders who have significant funds in aggregate who are willing to lend at 1% per month on a secured low risk basis.

 

I will be getting the calls from some of the brokers and lenders I have contacted today so wish me luck.  I might be able to change the face of no money down property investing if I can pull this one off!

 

To keep track of my journey in to the world of finance read my finance diary in the forum section within propertyhotspots.net.  JOIN NOW.

 

Ajay

 

Posted on: 8th May 2010