How Much Deposit Money You Need To Buy A Bank Property, Downside Of No Money Down Real Estate Transactions

 

How Much Deposit Money You Need To Buy A Bank Property

Real Estate Expert & Best-Selling Author, Gerald Lucas reveals how much earnest money you need to buy a bank-owned (REO) property in this installment of Ask Gerald A Real Estate Question

Real Estate Tip:

Never lend more money on a property than you would be willing to pay for the property yourself

Real Estate Insight:

A property purchased with nothing down is unlikely to have much, if any, cash flow