Purchasing real estate with no money down is not an easy task although some people would like you to believe that. It is also not completely impossible as others like to say. They key is to have the right information at your disposal. It's all about persistence and keeping everything you want in focus. If you are patience and keep from getting discouraged then you are on your way. No money down does not always mean that you do not need to put any money down, it sometimes means you may not have to put your own money down.

Most banks will not under normal circumstances do 100% financing on a piece of property. This is where being creative and working with the seller comes in. A motivated seller is a real bonus at this time. Most of the time these ways are completely within the law, but real estate laws vary from state to state. It is best to check with an attorney who handles real estate in your area.

When working with a motivated seller you can often arrange to borrow the down payment from the seller of the property. When getting into a transaction such as this, the best thing to do is to make sure you and the seller are sure you both know exactly what is going on and that all aspects of the transaction are covered. Use a contract know as a promissory note that shows the term that you and the seller have agreed on and everything concerning how you will pay back the down payment you borrowed from the seller. If everything can be agreed upon then you should be able to quickly and smoothly go forward with the purchase. This is just one of many ways you can purchase real estate with no money down.