Have you seen those infomercials about buying houses with “No Money Somewhere down?” They are properly done. They’ve got all forms of people offering great testimonials about how they have gotten rich, buying rental properties, with an absense of money through their pocket book. You see this guy, standing on a street corner, seeing someone, and he says, “I own that one,” pointing to a beautiful colonial. “I also own that one next to it, and the one two doors down, and I’m going to be closing in the one directly across the path from it, next session.” He then assures us he or she has purchased 17 homes in air filter eight or ten months, with zero money concerning the properties. Plus, in many cases he’s also paid no closing costs.

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In 10 years of being a landlord, I lost thousands of dollars and likely took some years away from my life with all of the stress I had endured. So, whatever you do, prevent the No Money Down Seize. There are much better, still inexpensive ways help make money in real estate.