[ellenbrn]

Any good ideas on how to buy a rental/ investment property with no money down? I already own 1 2- unit rental in addition to my own home.

[Clough]

There are links to plenty of sites in the following search that are willing to show you how to do that. Perhaps someone will come along here though, with specific ideas as to how to do that.

Buying Property With No Money Down - Google Search

[Fastfun1]

As it seems you already know, 100% financing on a non-owner occupied property is all but non-existent. However, generally, and this is lender dependent, if you live more than 50 miles away from that property, you can purchase the home as a second home/vacation property at 100%. Furthermore, if you have your current home listed on the MLS, which will involve recruiting a real estate agent, state to the lender that you are selling your current home, and the home you are purchasing is of greater value than your current home, you can can finance at 100%, but must change your homestead to the new address. Keep in mind, there will be a hefty increase to your taxes for owning a non-homestead rental property. There are so may ways to do this, but none of them are really legit, go with a broker as opposed to a direct lender, he'll find a way.

[Fr_Chuck]

With the falling real estate market, you need to look for foreclosure an bankruptcy property, not much for our dollar today, but most believe long term the real estate market will go up in a while.

But very few mortgage companies are doing a lot of 100 percent loans, Now if you have great credit, or if you have one proeprty paid off where you can use it put up for the loan

[Fastfun1]

With the falling real estate market, you need to look for foreclosure an bankruptcy property, not much for our dollar today, but most believe long term the real estate market iwll go up in a while.

But very few mortage companies are doing alot of 100 percent loans, Now if you have great credit, or if you have one proeprty paid off where you can use it put up for the loan

This is true, not many companies will give 100%, and if they do, it will be a singular loan; meaning you will be subject to private mortgage insurance until you have paid down 20% of the homes appraised value. Furthermore, using the equity of your existing home to purchase a new home, aka a bridge loan, mignt not be a bad way to go. If you have enough equity, you may be able to get below 80% loan to value and avoid PMI... and it is a perfectly legitimate option. Usually I disagree with moderators, but Chuck gets a thumbs up on this one. :)