by William Bronchick, Esq.
The late-night television airways are full of ,nothing down, stories. Are they true? And, if so, is it possible to buy real estate with ,no money down., Furthermore, does it make sense to buy real estate with no money down?
Everybody wants to buy real estate with no money down (especially if you have no money), since it is the ultimate form of "leveraging." However, keep in mind that there is nothing special about buying a property with no money down. On the other hand, if you can purchase the property at a substantially below-market price and with no money down, you then have a good deal. This is buying 100% loan-to-purchase, not 100% loan-to-value.
The problem with buying a pr...
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