Codie SanchezFounder @ Contrarian Thinking

Can you buy a House for $0 Down? #shorts

15 Jul 2023 · 0 min

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0:14

Short interview clip (YouTube Shorts) where Codie Sanchez and Pace explain 'creative financing'—specifically 'subject-to' or 'sub2' deals—showing how an investor can acquire ownership and take over mortgage payments without an upfront cash down payment. The interviewer frames the claim: you can buy a house with $0 down.

Buy a house with $0. This is Pace. He basically pioneered this thing called creative financing, or what he calls sub two deals, flipped a bunch of houses and became so famous that HGTV called and wanted him to do a show called Triple digit flip. How much did you buy this house for?
I actually don't know because I didn't buy the house. I bought the mortgage rate. I found a seller that didn't want the house anymore, and I said, let me just take over your payments. Seller says, no problem. Here you go. People who have already tried to sell their house but real estate agents failed to do so, we call this seller and we say, I'd love to just give you an offer of taking over the mortgage payments. Are you open to that? And I'd say 80% of the time the answer is yes. Oh, my gosh, I would love to do that. The seller says, how does that work? I go, well, the mortgage stays in your name. You move out of the house and the deed gets transferred to my name through a title company. I now have official ownership. Owner of that property is now gone. They are no longer the owner. I am. And I can go find a tenant to go move in this house and make those payments on my lap. That's subject to.
It turns out you can actually buy a house with $0 down.
I know.