I was watching some informericals about buying/selling real estate with no money down, and I was wondering if anybody has done this before? If you have, did you use a system and how much money did you make?
2006-07-18 17:41:33 · 7 answers · asked by mookie123 1 in Business & Finance ➔ Renting & Real Estate
do you guys suggest any books I should read for making profit off real estate?
2006-07-18 17:44:40 · update #1
ok, "Keith M" what leads you to believe I bought the course? this entire questions is to see who has tried the product and did it work for them...
2006-07-18 17:50:47 · update #2
Chu Chu, can you please post one of your screen names so I can talk to you about some information on the product you purchased
2006-07-18 18:00:29 · update #3
yes, money can be made BUT these infomercials forget to talk about the risk and hard work needed to find the right deal.
The guy below gives it to you in a real way so I recommend you look over his site:
http://www.johnreed.com
2006-07-18 17:49:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The key to "No money Down" is that you control property and sell that control to another person for a profit. Just keep in mind that there are two parts to a piece of property, one is title and the other is a loan/mortgage. Learning to control title while dancing around the mortgage/loan is the key to making money in buying and selling homes with none of your own money down.
Read any book from these Authors:
ISBN 0-471-67955-0
It is somewhat the same info you get for paying for late night infomercials. Also, checkout www.reiclub.com and read the different reports available. If you do this right, it should cost you less than 100 bucks (whether you buy the books or read them at the bookstore while purchasing a 4 dollar coffee!).
Like anything else in life, you have to be ambitous enough to pursue it. I personally like it because I get paid to help other people.
Someone posted John Reed's website. A couple of gurus he talks down about actually are legit and I met them in person and know that their methodology makes money. Plus I have a hardtime believing in someone who sells the same information while talking down the competition.
Regards
2006-07-18 19:40:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is an aweful lot of money to lay on the line in hopes of the market increasing. Could you cope if the property marked decreased and you lost money? It is probably more of a guarantee if you invest your money with a trust or something like that.
2006-07-18 17:47:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You and the other 20000 ppl who took the course are running around looking for no money down. There are tons of property to be had for 10% down, save up a little cash and go after it!
2006-07-18 17:46:42 · answer #4 · answered by Keith M 1 · 0⤊ 0⤋
this is all a scam you need to have money to incvest in properties! Hello how else r u gonna be able to afford to fix the houses up and sell them for profit!
2006-07-18 17:53:05 · answer #5 · answered by half insane 4 · 0⤊ 0⤋
that no money down stuff is BS....think about it..unless you get a piece of property for a dollar, if you put nothing down, that means your monthly payment is going to be really expensive, which will eat into your rent revenue.....if you buy a distressed property you will need some dough to fix it up....you can do it, but it isnt as ez as they say...
2006-07-18 17:53:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes, and it's not working! It's hard work!
2006-07-18 17:58:08 · answer #7 · answered by Young and Famous 3 · 0⤊ 0⤋