Quote from OPTIONAL777:
No money down, means no money down.
Not this bullshit of incidental expenses, etc. being "no money down."
It is just a flat out lie.
You simply can't buy a home without putting money into the equation, period.
Idiots like you perpetuate this lie, which demonstrates where you actually are on an ethical level...
"The Sad Truth
The point is that too many people who are completely broke or deeply in debt hear the real estate gurus advertising âno money downâ real estate deals and they say to themselves âNo money down? What do you know! Thatâs exactly how much money I have available to do real estate! Iâd love to do real estate if it wonât cost me anything!â
So they go to some free seminar that promises to teach them how to do âno money downâ deals and they find out that in order to actually learn how to do those deals you have to sign up for the next boot camp. And the boot camp costsâyou guessed itâmoney!
So they spend money they didnât intend to on the next âno money downâ boot camp the guru offers, expecting to then be able to do all the real estate they want for no money, only to find out there that the real estate deals do in fact requireâonce againâmoney!
And if the aspiring investor is completely out of money by that point, guess what they canât doâreal estate!
These are the kind of scenarios I and the other investors I work with help people avoid when theyâre first getting into real estate.
Iâm not saying that the gurus are bad people or that you shouldnât spend money on education (I fully believe that the best money youâll ever spend is on education). I just want you to be aware that if you donât have a penny to your name, then âno money downâ real estate is not the answer.
Hereâs the answerâreal estate canât be done without money, but it doesnât have to be your money that you use. It can be, and often should be, someone elseâs money.
And that is the key to accelerating your real estate businessâleveraging other peopleâs resources so you can do more than you could have done on your own.
My next âNo Money Downâ article will detail how to find money to do real estate deals and (if you need knowledge) even fund your real estate education. Knowing how to find money to fund your activities is an essential skill if you want to be a successful real estate investor.
-Jarom Adair
Real Estate Investing for Beginners "
I have no time for this level of stupidity. call a fricken mortgage broker.