Thursday, December 15, 2011

Is there free information about no money down realestate investment?

I want free information about realestate investment that doesnt require a fee and doesnt want me to purchase any iformation regarding this informstion.|||No Money Down usually doesn't mean there is no downpayment. It just means the money down it isn't your money. Which if it isn't your money, it's usually money you are borrowing, or money coming from a partner who wants a share of the ownership in some way, or a share in the future profits.





The idea of paying money you don't have for real estate courses, is the fundamental premise to No Money Down investing in real estate. If you can find money you don't have to pay for the courses, maybe you can find the money you don't have to pay for the real estate you want to buy.





Yes, after finishing the courses you can call yourself a real estate investor, but you will find you are just one of many who call themselves that term. There is risk involved in any real estate investment. Buying the piece of real estate is just one of the steps to making money. You can be an investor who loses money as easily as you can be an investor who makes money.





Many of the No Money Down courses you see on late night TV want you to find a property and real estate deal that fits the guidelines the course sets out. When you find such a property, you call someone else to help you with the next steps and the future profits are split (usually quite unequally) among all the parties involved.





"No Money Down" is not a myth. It is a concept used by developers, and real estate purchasers of every size, from very small scale investors, to mega-million dollar and billion dollar investors. It is a premise used in commercial real estate all the time. The deal is structured in such a way as to make a profit for the purchaser. Any money used as a downpayment is returned with interest, making the deal essentially, a No Money Down one.|||Here is some free information......IT IS A SCAM!!!!


hows that for free?|||There's more than you could ever read or pay for. But you might want to try a couple of reads at these two links first, link 1:





This one gives you a perspective from a real proffessional %26amp; as the first link will tell you a watchdog for the industry.





Many will tell you it's easy. Don't you believe it. Making money takes money, but once you have it, working for a living gets in the way of making money, link 2:|||Check to see if your local library has copies of the courses and/or books available on the subject. I live in a small town and they have two books on the subject so it's possible your town has one, too.





Also, join a recycling group such as Freecycle(tm) and watch for someone to give away one of these courses. I missed you by a month. In March I gave away the Carlton Sheets course materials on a local recycling bulletin board. (Link to Freecycle - the largest recycling organization - is below. If you join one of these groups, you will have to give some things away before you start asking for things, as a general rule. Check out the rules when you join and follow them. It's really worth it! PS It's free to join!)|||You should give up now. You will need to spend money to get into this, no matter what the "gurus" say. Most of these guys took advantage of the system and made their millions before the law caught up to speed on this activity.





I would recommend you put the minimum down to buy a home that you won't live in which is 10%. Keep in mind that when a lender says no money down they're usually referring to down payment. You still have to pay closing costs out of pocket. You can get 100% financing if you buy a double and live in one side. That would be the best way to start. You may even qualify for a 103% or 107% to cover your closing costs if you buy this type of home. The funny thing is: you'll need to show the bank significant assets to qualify for these programs.





There are only two specific situations that allow you to roll the closing cost into the mortgage: buy a home from a close relative, buy a home you've lived in for at least one year. You will need proof of rent payments for those 12 months in both cases.





You will find websites and rich people that will tell you what you want to hear. Just always remember that they are all trying to sell you something.





I suggest you start saving if you don't have a chunk in savings or a retirement plan and get buddy-buddy with a good local mortgage broker. They'll pull the strings they need to if they expect future business from you.|||There are several books on the subject - you may want to go to a local library and see what they have on the subject. Probably would be best to look in the investment section. There are a number of variations on the theme. Also contact your local Real Estate Agents Association, they also may have some info or could point you in the right direction.|||If you want objective information, take a class at a local community college. It will be inexpensive and objective. Any "program" is always going to be geared toward their method and their bottom line is to sell you a whole series of crapola that you don't really need.|||go to www.realpartners.org

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