Leo made a pitch: "I’ll fix it. I’ll replace the roof, the plumbing, and the porch. In exchange, you carry the note. No down payment, but I’ll pay you $800 a month—more than you're getting now, which is zero." Henderson, eager to be rid of the headache, signed the deed over.
The dream of buying a fixer-upper with "no money" usually means leveraging other people's capital or using specialized loan products that roll renovation costs into the mortgage. The Strategy how to buy a fixer upper house with no money
Leo stared at the "For Sale" sign leaning crookedly in the overgrown yard of 402 Willow Creek. The porch was sagging like a tired eyelid, and the roof had lost a fight with a fallen oak branch. To most, it was an eyesore. To Leo, who had a toolbox and exactly three hundred dollars in his savings account, it was a ladder. Leo made a pitch: "I’ll fix it
You find a distressed property, get it under contract, and then sell that contract to another investor for a fee. You can use that fee as your down payment for your own project. No down payment, but I’ll pay you $800