How possible is it for me to purchase a property with no money down?

I have seen infomercials about buying homes with no down payment. Is it possible? Please, can somebody fill me in on how to go about it .How possible is it for me to purchase a property with no money down?
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.



In two years, she would clean up her credit, refinance the loan on the house, and I would make $10,000. Sounded good to someone who was quick to buy into anything that returned big dollars in a short time.

( For more on this %26amp; other Real Estate information visit : http://www.realestatetollgate.com ).How possible is it for me to purchase a property with no money down?
Yes, if you qualify for a VA or USDA loan.
You can get a joint venture partner to go 50-50 with you. If you want a home to live in you can look after the property by living in it, and the JV partner can put up the down payment for the mortgage. Your partner has the advantage of having someone look after the investment who has a vested interested in the property, and you have a place to live , paying the mortgage and keeping it in good repair. Its a win win for both parties. In your partnership agreement you can agree to sell when the property rises to a certain value. Many investors like this option so they don't have to worry about tenants and problems with the investment. The tenant/owner gets a place to live.



The only good no money down investments are the win/win for all investments. Each investment has to be properly financed. It is important to get the right JV partner. There are many more no money down deals, you have to find the one that best suits your goals.