Re: No Money Down…HOAX - Posted by Jim IL
Posted by Jim IL on November 13, 2000 at 18:19:43:
First, let me ask you this;
"Have you read and studied any courses at all?"
This is not a slam, so please do not take it that way.
But, if you enter into anything assuming that it will not work, then you are right.
Read here EVERYTHING you can and you will see that not only is it possible to buy homes “No money down”, but that many of us here do it on a regular basis.
I have NEVER gotten a bank loan during my investing carreer.
If you do want to buy homes conventionally using bank loans, then you are right, it is more likely that you will have to put some money into the deal.
I honestly cannot see a single reason why I should or ever would consider getting a loan in my name to buy a property, or to put any money into it.
That is unless I was getting that money right back out.
Read here on the board, and also EVERY article offered, and you will see that it can be done.
But, if you are STILL convinced that this is an impossibility, then you will be right.
Set your mind free and anything becomes possible.
Good luck, and welcome to this board,