No money down property deals? Total BS. 💩 Here's why: A conversation with a prospective VIP investor (turns out they couldn't invest) got me thinking about this one. It always worries me how prevalent (and attractive) this 'strategy' has become. Here's why you shouldn't do NMD 'deals': 1️⃣ It's a fantasy: Sellers aren't giving away properties for free. There's always a catch, and it's usually more risk than it's worth. 2️⃣ Risk is huge: No money down means you've got nothing to fall back on when things go sideways and they will. 3️⃣ Hard to scale: A few lucky deals won't make you rich. You're stuck chasing sellers who might go for it. Good luck with that. 4️⃣ Waste of time: You're better off focusing on real opportunities instead of chasing pipe dreams 5️⃣ The only winners are of course sellers: The people making real money are the ones selling you "secrets." They know it's not easy, and they're laughing all the way to the bank. 🎯 Bottom line: Forget no money down. Stick to solid strategies if you want real returns. There's very few alternatives to having money in the bank to get going owning your own portfolio. You can - and some very successfully - do Rent2Rent strategies such as R2HMO, R2SA. However, even these need some level of investment (capital) spend in order to turn them around. 📍⚠️ Key side point here: Imminent legislation changes (The Renters Rights Bill) also means these should NOT be attempted without QUALITY property training first. Promising a landlord set returns - especially in the HMO sector - when you may not be able to guarantee your own cashflow (e.g. tenants don't pay and you'll struggle to get them out!) may lead you into trouble. At Lovellets Properties we only deal in property purchasing. We don't do finding NMD deals or R2R (subletting) agreements. Join Derbyshire and Yorkshire's most exclusive property club. We SOURCE 🎯 We SUPPORT🤝 We MANAGE 🏡 We CONNECT ❤️ DM the word VIP #btl #propertyinvesting #propertyinvestor #propertysourcing #investment #property #nomoneydown

Posted by James Lovell-Smith at 2025-02-08 13:20:43 UTC