How to Buy a Rental Property With NO Money

Ken and Danille McElroy talk with Pace Morby @PaceMorby about purchasing real estate with no money down using "subject-to" and seller finance techniques. Learn from real-life examples and advice on navigating expired listings, foreclosures, and creative financing strategies to grow your real estate portfolio effortlessly.

Ken has a real estate strategies podcast! Follow your favorite platform each week.

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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.


Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.

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Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’

Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.

#kenmcelroy #realestate #realestateinvesting #realestateinvesting #Sub2 #sellerfinance #nomoneydown #expiredlistings #foreclosures #creativefinancing #realestateportfolio #investmentstrategies #equity #propertyacquisition #realestatemarket #housepayments #realestatedeals #investorlift #landwatch #negotiation #propertymanagement #affordablehousing #rentalincome #coliving #PadSplit #longtermrental #Airbnb #multifamily #singlefamily #propertyflipping #wholesaledeals #privatemoneylenders #realestatementorship #KenMcElroy #Kiyosakimethod

[KenMcElroy]

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Thank you

[Godwinkeneth]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[theost]

This is the most information rich video I have seen in awhile.

[RobertGorin]

*Appreciate your videos! I’m 54 and younger generations should know there’s no shortcut to acquiring wealth, but there are ways to go about it. Fellow millionaires don’t tell the poor/middle class they need the knowledge of finance coaches to help build their wealth. If anyone here needs a good coach, here’s it..*

[Eric-bhjy]

Black Rocks not bad…. While wearing a Black Rock shirt. 😂😂😂 corporations should have no ability to buy single family homes or build neighborhoods that are just for rent. That’s definitely a major factor in house prices through the roof

[customhomebuilder]

Many of these strategies are theoretically possible but a lot has to line up perfectly for them to come to fruition. Not impossible but definitely lots and lots of conversations, time and trust building.

[enriquegonzalezortegariver]

Wow! This is 27+ minutes of information that has like a 100 hours of education to unpack. thak you so much! Bless you!

[ryanwright]

Good video! Dialogue is great! I agree, not many moves can be made with traditional finance. Seller finance is the best!

[JasminThelemaque-lfmo]

But if the mortgage specifically states can’t assume ! Most mortgages are not assumable … not even subject to .

[ceec]

The video was interesting, but the title is misleading. No money? Please, not one of these experts mentioned any of the costs that occur when you buy a property. Inspections (please don't buy a property without an inspection), title insurance, taxes (when you transfer a title), lawyer's fees - don't you need a contract? (As an aside, I did buy a property with a contract I got off the Internet, but I would never do that again, too many risks!) And speaking of risks, they didn't mention one! For example, with no money down means that it's very hard to have a positive cash flow, yes? What about the risk of not having an emergency fund for problems that are bound to happen? Or if someone defaults on an agreement? Would have liked a more balanced discussion!

[lukehood]

This video was pure fire and glad pace was able to be vulnerable and real around another guru without shrinking

[lettruthprevail]

If you assume a loan, how do you protect yourself from the seller potentially declaring bankruptcy and how does the seller protect their credit if the buyer doesn’t pay the mortgage payments.

[nevadawolf]

I am so glad I found your channel! Thank you so much for providing this content. I’m learning so much from you guys.

[nmr]

Why do gurus like this NEVER mention that if the loan holder finds out about the sub 2 deal they can call the loan due. He’ll tell you it never happens or never happened to him. But he failed to disclose it can and DOES happen….. what if the person files bankruptcy? Property and loan is still in their name….. He just makes it seem like it’s so easy. Didn’t address pitfalls and cons. And I’m not saying he never made it work but never addressing the pitfalls and what can happen is dishonest…. But he’s a money before anything else guy so he doesn’t care.

[HomesHealthGratitude]

Im doing this right now… found the deal… getting free money for it… and renting it… all in less then a month

[NateYaquinto]

🔥🔥 🔥 Definitely want to see the follow up video idea mentioned at the end on sourcing private money for deals

[omarclemente]

Most houses have equity now, so taking over payment you will have to bring cash for the seller to the table.

[davidgrant]

One of, if not "The Best" video I've ever seen on YouTube💯
Thank You!!!
Keep putting out inspiring and educational content💪

[marceloonemillion]

Sounds GREAT but in my experience MOST if not all funding institutions DO NOT allow for the mortgage to be assumed, why not say it how it is??

[ginacardarella]

That's exactly what I to do with my
Multiunit property. It's small but location is everything I want to owner finance. It because of the tax the issue I don't want to have to deal with Capitol Gaines, tax people were thinking I'm crazy. But after listening to this video I think i'm on to something, thank you