Quote:
Originally posted by theone
How does the no money down work, are you buying property on credit?
|
Most of these involve having the seller agree to an IOU from you for the 10% or 20% you're supposed to pay to qualify for the bank loan. Bank takes care of the rest.
This only works if the price of RE will keep going up and up. Its good device if you only wish to resell the property in a short amount of time.