real estate investing: Do people really make millions of dollars buying with no money down?
- 01/23/10 03:05 AM
It's a big country and you can be sure that each year someone will win the lottery, someone will be hit by lightning, and someone will buy a home at a steep discount, with predatory terms, and no money down. The odds in every case are grim. The essential issue is NOT buying property with no money down, it is buying property that can produce a positive cash flow and/or be sold at a profit. Unless one or both of these conditions can be met, then the economics of buying a home with no-money-down are unlikely to make sense. Those buying … (8 comments)
It's a big country and you can be sure that each year someone will win the lottery, someone will be hit by lightning, and someone will buy a home at a steep discount, with predatory terms, and no money down. The odds in every case are grim. 
;)
;)
