How to Buy a House with Zero Money Down Getting a Loan!

http://www.PinkShortSaleMentor.com

Find out how I am buying up short sales like crazy with zero money down loans and cashflowing $500-$700 per month per deal. I am out of pocket zero money and am usually ahead within 3 months by $5,000. Investors are taking advantage of this strategy while it lasts. You can buy houses cheap on short sale's and the interest rates are really low.

I'm a visual person so here are some #'s to work with:
Here is a deal I am buying very soon on a short sale.
Purchase Price is $71,000
ARV is $135,000 (I am being conservative, I think it could go as high as $145k, but I am working my numbers off of worst case appraisal)
Rehab is $10,000
Overfunding Rehab $8,000
Loan Costs for first loan is $4596.67 (1 month holding time)
Refinance Costs are $4786 (This gets wrapped into the loan)
My Permanent loan is $92,400 (this is a 30 year loan with 4.8% rate)
When the Refi will be done I will get $1,767.33 back in my pocket. This is because I overfunded the rehab. So my 1st lender will be giving me a reimbursement.
My monthly payment will be $484.79 Plus taxes and Insurance my payment will be $596.
I am going to rent for $1100
Monthly spread before vacancy and expenses are $504
I am going to get this house filled within 1 month of buying. I will have 2 extra months of no mortgage payments. So this is $2,200 in money.
I am also doing a rent to own which requires a down payment. So the minimum down payment I will accept is $3,000.

So Bottom Line: I will have $6967 in my pocket within 3 months of buying this house with no money out of pocket.

View my blog on this topic at:
http://www.pinkshortsalementor.com/how-to-buy-a-house-with-zero-money-down-getting-a-loan/

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