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Answer by Damon for Buy house with down payment, no loan, sell instantly
Usually, in any kind of somewhat civilized place, there is no such thing as "instantly", and there are no (legally binding) equity sales without cadastral register and the like. So that simply won't...
View ArticleAnswer by Kai Qing for Buy house with down payment, no loan, sell instantly
This answer is here more to support what others have already said, so I will skip the part where I answer the question and go right to the part they don't tell you about.Buying a house at auction is a...
View ArticleAnswer by dwizum for Buy house with down payment, no loan, sell instantly
Wholesaling is basically the act of standing in at an auction and "buying" a home on behalf of a yet-to-be-determined buyer. You put a down payment on the purchase, and then, you go out, find that...
View ArticleAnswer by Philipp for Buy house with down payment, no loan, sell instantly
As mentioned in the comments, the book "Rich Dad Poor Dad" by Robert Kiyosaki is not undisputed among experts. Its advise should be taken with a grain of salt.When you want to participate in a real...
View ArticleAnswer by Jonast92 for Buy house with down payment, no loan, sell instantly
The way this works, i.e. cash financing where no mortgage is involved in the beginning, is that you provide so called private money or hard money. This can essentially consist of your own money,...
View ArticleBuy house with down payment, no loan, sell instantly
I just read Rich Dad Poor Dad, and I have no idea about mortgages, loans or real estate.The author of the book describes a scenario in which a property is found for a cheap price (auction in this...
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