Mortgage lenders generally advise borrowers to come to the table with at least a 20% down payment on real estate. This avoids the dreaded Private Mortgage Insurance (PMI), which most lenders tack onto loans with less than 20% down and pays the lender in the event of default. Some lenders have created loans structured to allow borrowers to purchase real estate with no money down while avoiding PMI, thus the infamous "No Money Down" loan.
no money down
When you think of things that you can buy wholesale, houses are not necessarily at the top of the list, but the truth of the matter is that wholesale houses can go for bargain basement prices. A wholesale house is something that has a great deal to do with the nature of the sale, rather than the house itself, and you may be surprised at the quality of the houses that can en up being considered wholesale.