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Nothing Down Real Estate Techniques
The Robert G. Allen’s Nothing Down System
By Robert G. Allen and Richard Allen
“Don’t wait to buy real estate. Buy real estate and wait.”
The world of real estate has been governed for years by one dominant train of thought, i.e., in order to buy and hold property successfully, the average person must have excellent credit, a strong financial statement, good income, lots of money for a substantial down payment, and strong collaborative support from the hard-money lenders.
Those who agreed that income property was the finest investment found they could not hope to participate in owning a larger piece of America under the dominant rules that had obtained hitherto. New patterns were needed if the cash-poor but creative individual was to break into the world of property ownership.
This report outlines my 50 favorites nothing down techniques, organized into 10 separate areas:
- The Seller
- The Buyer
- The Realtor
- The Renters
- The Property
- Hard-Money Lenders
- Underlying Mortgages
- Investors
- Partners
- Options
1. THE SELLER
Among the nine major sources of down payment funds for property acquisition, the seller is no doubt the most important. If the buyer has done his selection job well he will be dealing with a person who is anxious to sell and therefore flexible with financing arrangements. The seller will need to take on a role that might be new for him – that of lender. But if the buyer is sensitive to the needs of the seller, he will foster trust and see to it that both parties win. (Lending can, after all be a lucrative business with its own slate of benefits even for property sellers.)
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