Where Can I Use 100 Percent Financing

Now that you know how, and where, to get your 100 percent financing, your next question, logically, is "Where can I use 100 percent financing to acquire $1 million in real estate in one year in my free time? There are dozens of types of properties you can use 100 percent financing for. Here are some of them:

Single-family homes of many types are available with 100 percent financing. And these homes need not be "starter (first-home) types. They can be almost any type of home you might choose to own for income, or residential, purposes.
Multifamily homes (apartment houses, garden apartments, townhouses, etc.) can be financed with 100 percent borrowed money. And you can have a PCF with such properties even though you acquire them with none of your own money. Some larger multifamily properties can provide a gross income of more than $250,000 per year, before expenses.
Unusual properties such as islands are sometimes available with 100 percent financing.Why? Because it takes a certain type of person to be attracted to such properties. You must have a kinship with the water and marine life to appreciate island living. Yet you can earn a large income from summer rentals of island properties that can rise in value as time passes. And the longer you own an island property, the higher in general will its summer rental cost rise. So you have a double reward a rise in the property value and a rise in its rental income. Few other businesses offer you such advantages.
View-type properties are another unusual type of real estate that can be available with 100 percent financing. Thus, you may have city, water, land, mountain, or a combination of any of these views. And a view property is almost always easy to rent or sell. Why? Because people love to glance out their window and see a familiar landscape, bay, mountain, and so on.
International properties those in another country can make you rich sooner than you might imagine. Real estate is booming throughout the world. And you can get in on this boom if you plan your future carefully and become familiar with international real estate investing.More and more overseas lenders are into real estate, making property loans easier for you to get.
Student housing is expanding as the population grows and more young people enroll in colleges throughout the country. You can get 100 percent financing for such properties because the cash flow from student rents and Internet services leased to occupants is predictable. Your cash flow projections can show prospective lenders how you can pay for the mortgage on the property.
Motels and hotels can be a steady source of income for you when you operate them on an absentee basis. And the earnings from such properties are predictable and can pay off your mortgage in record time. Thus, 100 percent financing can allow you to acquire such properties while enabling them to pay for themselves and give you a monthly PCF.

Four Secrets to Getting 100 Percent Financing for Any Type of Property

You can improve your chances for getting the 100 percent financing by taking these four easy steps:

1. Get the Income and Expense Statement for the property you want to acquire. Or construct an Income and Expense Statement for a property you plan to build, or rehab.
2. Prepare a Cash Flow Statement showing how the income from the property can pay for all expenses, plus your long-term mortgage (15 to 30 years), and your down-payment loan. You must have a PCF from every property after paying all expenses.
3. Present your Cash Flow Statement to a Second Mortgage Lender, Private Lender,Real Estate Investors, or othermoney sources to convince them to make your down payment loan. The long-termmortgage seldomis a problem because the real estate collateralizes it.
4. Keep applying at suitable lenders until you get your down-payment loan. I'll be happy to help you find suitable lenders if you're a subscriber to both my newsletters, described at the back of this article. REMEMBER: It takes just ONE lender to fund your down-payment loan. Once you have your first property you're on your way to acquiring $1 million in real estate in one year in your free time.

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Where Can I Use 100 Percent Financing

Four Secrets to Getting 100 Percent Financing for Any Type of Property

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