What If You Can't Put Any Money Down?
Manage episode 167203442 series 1123396
Justin Woodall에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Justin Woodall 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
If you want to buy a home without putting any money down, you might have to get creative with your financing options. These are some of the options you can choose from.
Looking to sell a home in Athens, Georgia? Click here for a Home Price Evaluation
Looking to buy a home in Athens, Georgia? Click here to perform a full home search
Are there options to buy a home with 100% financing? Are there funding opportunities for these properties and rehab costs?If you're considering buying a house as your primary residence to live in, there are definitely options to get 100% financing or very close to it. If you're thinking about buying a house to flip or own as an investment property, it's more difficult to get 100% financing. It's possible, but not easy.
A hard money lender may loan you up to 65% or 75% of a home's value after repair. This means you'd need to buy the home for significantly less than what it's worth, then, have an appraisal done to show the hard money lender that it's really worth more than what you paid.
There are plenty of options for 100% home financing.
If you have 20% to put down on a home, a lot of local banks will fund the purchase and the rehab cost since that 20% is a significant amount of skin in the game for you.
Finally, there is the option of finding a partner. If you can find a partner to provide the cash on the condition that you do the legwork, it could be a win-win.
Hopefully, that clears things up for you about 100% financing options for buying a home and some alternatives to it. If you have any questions about this topic or about Athens real estate in general, give us a call or send us an email. We're here to help!
20 에피소드