I began investing in real estate over twenty years ago.  I was young and I was afraid but I knew there was no better investment.  I would read and learn as much as I could.

The first property I bought I was actually renting.  That’s right, my first purchase was a “lease purchase”.  What a great way to buy a property.  This is just one way of many we will discuss.

Lease purchase gives you the ability to buy with little or no money down.  Some or all of the rent can show as a down payment when you go to buy the property. 

When your looking at buying properties with the sole purpose of flipping you want to look at all your options as to how can I buy with little to no money down.  There are ways to do this.

One option was the lease purchase.  Another option is if you are a first time home buyer you will want to search for lenders who offer zero down payment for first time home buyers.  Especially FHA and VA.

Another option is to see if the seller will take back a second and hold the down money for you.  I did this once and you would be surprised how many sellers may do this.  

If you already own a property you may want to consider a home equity line and borrow against that for the down payment to buy another.  If you found a good buy, why not use your property to buy another.

I have never done this but I know people who have and it seems to work well.  If you know someone who has money but no time to do all the leg work, let them put the money down and then split the profits once the property sells.