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by triggab on August 6th, 2008

triggab

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Are those real estate infomercials true about jumping into real estate without any income? If so, how would I go about doing this?

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Answers. 3 helpful answers below.

  • by BigDaddyBS on August 6th, 2008

    BigDaddyBS

    Most, if not all, of them are not worth it. They not only charge you for the purchase of what they say in the infomercial, but they then hit you with about that amount (or more) PER MONTH to get the service they "give" you for free the first month. THEN they have "coaching and mentoring" companies they are affiliated with to "train" you over the phone... These usually ask for a credit card number (one you have at least $3K to $5K ON), OR if you DON'T have a CC, they tell you where you can get one with that large of a limit, and THEN they take almost all of it. THEN you get EXTREMELY shoddy service, but having spent so much on it, you are unwilling to drop out.

    See http://www.orangefrogproductions.com/ofp2s_shams_re_buying.shtml , and the links for more information.

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  • by Lanbota on August 6th, 2010

    Lanbota

    Can you purchase houses with no money down? Can you become a landlord in as little as one month's time and start raking in the cash from those rent payments? The answer is an absolute "Yes." It can be done, and I am proof positive, because I've done it. The question you should be asking yourself is not can I buy real estate with no money down, but should I?

    You see, this is a question that the guy selling the No Money Down course, with all of his people and their great testimonials hopes you never ask. His advertising and marketing strategy would collapse, if he gave anyone a chance to ask this question, because he would be forced to lie if he answered it.

    Rarely is the whole truth anywhere to be found in infomercials, especially when the advertising is about No Money Down real estate programs. The infomercial makes the idea and the program look so easy that any child could handle it. It makes it seem like every American should be doing it, and we'd all be millionaires. But every American is not doing it, and many of the ones who are doing it not only are not getting rich, they are actually going broke. The infomercial won't tell you this. That's why I'm here.

    The Truth

    Now, let's get started with the truth about buying real estate with no money down and the truth about being a landlord. The first thing you need to know is that they are both very bad ideas. Let me illustrate by using my own experience in these areas. I started buying rental property nearly 10 years ago. The first property I bought was a deal orchestrated by some real estate con artist, who told me I needed just $2,000 to take ownership of this home and, in the process, help out a woman who was about to be foreclosed upon.

    Visit: http://realestatetollgate.com/384.php for the rest of the article.

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  • by Lanbota on August 6th, 2010

    Lanbota

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