You find a motivated owner who owns the home outright. They act as the bank, allowing you to pay them monthly. If the house is in bad enough shape, they might agree to a $0 down payment just to get the tax liability off their hands. The Story: The House on Willow Creek

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.

He didn't go to a big bank; they would have laughed at his balance sheet. Instead, Leo spent three weeks tracking down the owner, an elderly man named Mr. Henderson who lived two states away and was tired of paying property taxes on a "rotting pile of sticks."

How To: Buy A Fixer Upper House With No Money

You find a motivated owner who owns the home outright. They act as the bank, allowing you to pay them monthly. If the house is in bad enough shape, they might agree to a $0 down payment just to get the tax liability off their hands. The Story: The House on Willow Creek

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. how to buy a fixer upper house with no money

He didn't go to a big bank; they would have laughed at his balance sheet. Instead, Leo spent three weeks tracking down the owner, an elderly man named Mr. Henderson who lived two states away and was tired of paying property taxes on a "rotting pile of sticks." You find a motivated owner who owns the home outright

how to buy a fixer upper house with no money