No money down!

United States
May 6, 2007 8:40am CST
Have you or anyone you know ever made any money with a no money down real estate system? They are all sorts of programs like this being promoted everywhere. I was just wondering if they have ever really worked for anyone.
2 people like this
6 responses
@mlhuff12 (797)
• United States
2 Nov 07
I actually recently attended a 3 day work shop on buying houses with no money down. Many people who hear no money down think, no down payment to the seller. But what it actually means is that you, the buyer, don't put any of your own personal money down to purchase the property. You might have to get the money for down payment from maybe a private lender, credit card, whatever...Though I haven't bought my first property yet, so I can't really say that it works.
@ann168 (111)
• United States
31 Oct 07
Yes. it works but you have to do lots of sutdy and research for it before you start to invest.
• United States
6 Aug 07
I'm disappointed to see no one has responded to your question yet. I would be very interested as well in anyone's experience whith this type of program.
@mfpsassy (2827)
• United States
8 Aug 07
I don't know if anyone has made money from them but I do know when we bought our property we paid less than $100 out of pocket and that was it. Our loan also included closing cost. We got 2 acres a 3 bedroom house and 2 1 bedroom houses all for $115,000. And the 2 1 bedrooms pay over 2/3 of our morgage payment which includes our taxes and insurance. So our part of the payment is less than we were paying for rent
• United States
13 Sep 07
Hey all! My name is Glo and my hubby is Jim, "The Biker Who Buys Houses" He is a full time RE Investor, has been for many yrs. He buys most of his property no money down. He also teaches other to do the same. Check out www.ReMentors.com for his course, which happens to be on sale right now!! So, yes, to answer your question we have made a very nice life for ourselves using creative Real Estate teqniques. Have an AWESOME ONE! Glo
• United States
6 Sep 07
Understand that you will always have to live with some uncertainty when you invest in and sell real estate. It is part of the environment and it never goes away. As your experience increases, you will become more comfortable with these uncertainties and, as you learn the ins and outs of the business, you will build your confidence.