I learned some pretty interesting ways to buy property with zero down payment and no credit. They are “subject to” “multi-mortgage” “land contracts” and “lease options.” If anyone is interested, an article that explains these structures is here: http://joecrump.com/secret.html But learning these structures still leaves me with some gaping holes in my knowledge. Here is my big, burning question – How do I convince sellers to let me buy their properties using these structures? It seems to me anyone would have to be insane to sell their property this way. Does anyone have any experience with this kind of offer – and if so, what do you say to get sellers to accept the offer? I’d very much appreciate your input. Thank you.

Well, let me say that you are learning from the right guy. I’ve been doing deals with the structures that Joe teaches since I bought his book about two years ago. It took a few months for me to really understand how to make offers like this – and I had to practice to get good at it. But I can also tell you that this is the safest way to buy houses I’ve ever seen and I do 3-5 deals every month – yes, I’m making a lot of money. So, with all that said, I’m going to direct you to another one of Joe’s articles that really helped me. I’ve never seen a guy who gives away so much free info – I get articles almost daily from him and I save them all – I got this one a few months ago. Anyway, this is an article that will show you exactly how to talk to sellers when you make a zero down offer. Don’t say I never gave you anything. ;-) http://joecrump.com/talktosellers.html

I have also used this method to add to my real estate portfolio.It has been working out fine for me.However I have not done anything in the last two years. For me it was a numbers game and some of the potential sellers were'nt really serious. I find that it is best to stick with the lower middle income & middle income properties.It gets a little hairy on the higher priced homes. In this economy one has to be very careful or else you could get skinned. Goog luck.

Orange County is entering a buyer's market. You can get sellers to pay your closing costs (if they're smart) and get a 100% loan. This begs the question of whether you can afford the payments, but there's not enough information to judge that.