When you find a good investment property that requires no money down to purchase, it can be a great feeling and in some way, a relief to your bank account! Although the deal itself may not need any money to get it closed, that does not always mean you will not need any money throughout the deal. With this being said, it is important to have the reserves and cash flow to be able to handle the deal throughout the investment process. This week, Justin takes us through two examples of no money down deals and reasons why within these deals, they still needed reserves to handle the project!
At Pine Financial Group we love when our clients find a great deal that requires no money down! When the right deal comes along, our Rehab loan is a great fit to cover 100% of your purchase price, repairs, and even closing costs! Check out our rehab loan at https://www.pinefinancialgroup.com/borrowers/rehab-loans/.
If you would like help running the numbers on your next deal to see if it fits into a no money down deal, please contact us today!