"If you've ever had insomnia and watched late night television you may have seen the infomercials telling you that you can buy real estate no money down. But can you really purchase investment property without having any cash? The answer is, ""yes!"".
Kladno, Your post sounds just like all the "gurus." Why not just go get a signature loan for $9,000 and avoid all the problems of buying a property and dealing with the tenants? You still have to pay back the money. In your senario you owe 105,000 on a property that is only worth 100K at retail. That is not investing nor is it a deal.
Investor · Westminster, CO · Member since 2009 · 1k+ posts · 1k+ votes
16y
I learned a new skill a couple of weeks ago, maybe I will start a summer camp for it. It is called, "How to back into your son's girlfriends car". Takes quite a bit of skill!
Real Estate Investor · North Carolina · Member since 2008 · 1k+ posts · 483 votes
16y
Used to be on a regular basis I'd receive calls from various nitwits extolling the virtues of buying my properties for no money down.
Then came the mass-mailings.
Man, I'm glad that phase died down. What fo you suppose they're all doing now? Wearing paper hats and asking people, "Would you like fries with that?"........
Real Estate Professional · Memphis, TN · Member since 2009 · 1k+ posts · 1k+ votes
16y
well you can still buy property with no money down, but that is not the point of this thread as we makes jokes back and forth, so I will steal a line from Tommy Boy.............."you can take a dump in a box with no money down, but................"