No Money Down
is a Real Estate investing "lure" that has been used for years to
entice you into purchasing some new Make Money In Real Estate program
or method. It sure sounds intriguing. Even as I write this, the No
Money Down thought tugs at your desire to want to believe there really
is such a thing and you'll make tons of cash.
The problem with No Money Down programs is
most are designed to entice you in, and then you are hit with the
additional help courses, etc. that cost thousands of dollars. Most
people that have gone this route wish they never did this.
Now don't get discouraged as there are ways
to make No Money Down deals. You do need to know some "how to"
information from those that have done it. Many of the courses and
seminars that claim to teach this, are taught by folks that haven't
done it, but have a pretty convincing program that says they did. Most
of the people making the money are those that sell the No Money Down,
"How To" Programs, courses and seminars.
My first real estate sale was my own home. I
profited some $14,000 in less than three years after closing costs. At
the time I wasn't necessarily looking at the sale as a business profit
situation. It did open my eyes to how you can make money in real estate
by selecting property that could be bought for less than going market
valu, then sold at a profit, by doing a lot of the work yourself. No
Money Down concepts can be applied in many ways to have the net result
be "no money down" or out of pocket.
You can have no money down home loans,mortgages,
car loans, lease deals and more.
Keep in mind the No Money Down lure is still
catchy after many years of marketing success. We have found other ways
to make money, and the best is what we refer to as a step by step
marketing method that is proven, repeatable, and offers a product that
truly is one of the best, if not the best on the market.
A good friend who has some 50+ properties locally
always uses no money down approaches.
He sugggests using the equity in one property to fund minimum TWO more
properties, ideally three. Never use equity from one place to just get
another...you need 2:1 or 3:1 to see your investments grow. He also
says, "I don't want a deal, I want a steal".
Hope you are seeing the point.
No Money down may work well for you in your
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