Posted by Ray on June 23, 2001 at 22:54:29:
Suzie. Like any good commercial, there is a certain grain of truth in what they are telling you. However, it certainly isn’t as easy as they lead you to think. If you are serious, go to your library and check out some “How To” books on getting started in real estate investing. In my opinion, buying decent properties with no money down is not for the new investor. I have purchased shopping centers, apartments and office building with no cash down…but only after I had a good financial statement and excellent credit. It can be done, but if you aren’t careful, you usually over pay and end up with a negative cash flow. Ray