Ever think that you can't buy a house with nothing down?

i just did it for the 3rd time this year, and the houses that sold 4 yrs ago for 80k are going for less than half that, still get the same rent as 4 yrs ago too, but turnover is higher . been doing this for 12 yrs, its a blast

yah have fun when you get caught in one bad enough deal to bankrupt yourself..... nothing down real estate is one reason why America tanked for a bit. And by the great lakes under your avatar I will pray that you are not in Michigan. If you are buying stuff up there then you're retarded. That market will take FOREVER to come back.

TshirtNinja said:

yah have fun when you get caught in one bad enough deal to bankrupt yourself..... nothing down real estate is one reason why America tanked for a bit. And by the great lakes under your avatar I will pray that you are not in Michigan. If you are buying stuff up there then you're retarded. That market will take FOREVER to come back.

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nope not in michigan, what's the risk if you have 'nothing' down? hmmmmmmmmmm? how can i go bankrupt, son, i have done this since '81, and the most I EVER LOST ON A HOUSE WAS $2200.00. AND one of the main reasons the housing market is fucked is because of 125% loans on houses. if you think you buy these houses by going to the bank, then you just don't get it and probably never will. and if there IS a problem you can walk away, no harm, no foul. there are many ways to buy 'no money down' but buying a Carlton Sheets course is not one f them, but it's ok for beginners. you just have to know what you are doing. you play on your terms or you don't play. blood in the streets

Not quite sure what your angle is BUT...I am a licensed RE agent,I own quite a few(10)rental homes and just finished construction on a small industrial park(12 units)and i can tell you this FOR SURE,If it sounds too good to be true it probably is,There aint no free lunch,Free stuff is usually worth as much as you paid for it.Your miracle scam BS,shamwow guy post is worth as much as you put down on those houses(nothing).That is all have a nice day!(no wonder your angry everyone hates skanivers)

fishwhistle said:

Not quite sure what your angle is BUT...I am a licensed RE agent,I own quite a few(10)rental homes and just finished construction on a small industrial park(12 units)and i can tell you this FOR SURE,If it sounds too good to be true it probably is,There aint no free lunch,Free stuff is usually worth as much as you paid for it.Your miracle scam BS,shamwow guy post is worth as much as you put down on those houses(nothing).That is all have a nice day!(no wonder your angry everyone hates skanivers)

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ahhhhh, yes the typical real estate agent 'you can't buy nothing down' crap. have you ever heard of 'subject to? lease options? quit claiming a property? i love when r.e. agents tell people they can't buy 'nothing down'. thank you for that. your problem is you think that EVERYTHING has to be done in the 4 walls of a bank. most r.e. agents can't think that way. you have to be a problem solver to really make money in r.e. the last 13 deals i have done, i never stepped foot in a bank. but hey, what do i know? thanks to everyone that uses a realtor, i love you guys. oh, and thank you everyone on sec8, chaching

10 properties? really? that's a lot? how much of your money did you put down? looks like you got 'skanivered'. everyone has a god damn r.e. license, big deal, it is nothing to get.

at first I thought this was going to be op trying to get us to buy in on a scam, now I realize that op just doesn't know shit about finances or real estate. Have fun with your no money down bullshit until the whole house of cards come tumbling down on you at once. Oh also enjoy dying at a young age due to all this rage and stress you seem to have eeking out of every orifice of your body.


Oh and b4 you come to rage at my post, dont bother Im not coming back in this thread to read any more of your ignorance. Peace.

WELL..........i for one somewhat agree with Angry Pollock..............you CAN buy 'no money down.........you CAN buy nice homes in nice areas ................and ,if you know what you are doing ,still make money doing it. it's a process , you will buy maybe one house out of 15 that you look at. he gave the best web site for CREATIVE FINANCING . i haven't bought a house in over 6 yrs, but if i was physically able to i would be out there looking..
first, you have to realize 'nothing down' doesn't mean no one is getting paid 'up front', it just means you aren't taking CASH out of your pocket to do it. have an open mind, buts it's not everyones cup of tea, some don't have the stomach for it nor the ambition.
but it CAN be done..................just ask Donald Trump

In the first two posts you make in this thread you contradict ytourself, or are at least utterly vague. First you've done this for 12 years and now you'ev been doing it since 1981. 18 years is just a little bit of a discrepancy when talking about work experience

ha, didn't notice that, but anyone looking to buy even their first house should at least be open minded about creative financing

Been in the real estate game since '81, been buying creatively for 12 years, i used to go to the bank and borrow just like eveyone said you had to. But i came to realize there isn't any intelligence between those walls. I started looking into creative real estate when the S&L crisis happened beginning in the early-mid 80s

I'll bite because I didn't see the link. What is creative real estate financing?

I know people who buy houses with nothing down. And then they grow in them to pay them off, lol.

Dominathan said:

I know people who buy houses with nothing down. And then they grow in them to pay them off, lol.

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i have no problem with people doing that since its just funneling money in to keep it from the government plus the house will pay off quickly. But nothing down and its not going to be paid off unless someone rents it is a HORRIBLE plan. I hope you have fun if your properties all go vacant for some reason. Or maybe you take a ding and 50-60 percent vacate for 3-4 months without renters. You talk as if you have it all figured out. The problem is it all only works out if EVERYTHING goes as you planned. And let me tell you buddy, things often don't go as planned in business.

got my place in MI, no money down, i think i paid $1000 at closing ($600 of that was the first payment). it can be done Michigan is in prime re-hab conditions again.

when people say, you cant do that, it really means they cant do it. I have been doing this for some time and got to retire at 37 yo.

Angry Pollock said:

Been in the real estate game since '81, been buying creatively for 12 years, i used to go to the bank and borrow just like eveyone said you had to. But i came to realize there isn't any intelligence between those walls. I started looking into creative real estate when the S&L crisis happened beginning in the early-mid 80s

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Can you explain and how much does it cost and how do we send you the money?

It can be done.

But being an ass to everyone who is skeptical is hardly a way to promote it.

Congrats on coming here and looking immature.

beardo said:

Can you explain and how much does it cost and how do we send you the money?

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lmao.............

guy incognito said:

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once again, lmao......