by 3 people |
No Money Down: Hype or Reality?
While it is absolutely true that you can buy real estate with "No Money Down," it is important to remember that just because you CAN do something doesn't mean you should.
Many real estate investors have paid the price for buying "no money down" and the price is much higher than zero.
Don't buy any property soley because you can buy it without a down payment.
Carleton Sheets (often misspelled as Carlton Sheets)
The truth about the late night infomercial guy
The king of late night infomercials leads many people down a dark path to bankruptcy. His material is very basic and doesn't give a newbie investor enough information to really protect themselves.
I do think the course is worth while for anyone looking to buy their own home but using it as the basis of building an investment portfolio is extremely dangerous.
Please, if you plan to buy the course, do not buy it new! You can pick up used copies on Ebay for significantly less money and it is the same information.
You may not be able to buy the property "no money down" but the course does give tips that will help you reduce your costs just the same. And if you can snag a copy on Ebay for $50, you will get your money's worth out of it. That would be my max bid though.
As I pointed out above, Carleton's name is often misspelled. Use that to your advantage and try this Free Ebay Misspelling Tool to locate the cheapest copy.
I do think the course is worth while for anyone looking to buy their own home but using it as the basis of building an investment portfolio is extremely dangerous.
Please, if you plan to buy the course, do not buy it new! You can pick up used copies on Ebay for significantly less money and it is the same information.
You may not be able to buy the property "no money down" but the course does give tips that will help you reduce your costs just the same. And if you can snag a copy on Ebay for $50, you will get your money's worth out of it. That would be my max bid though.
As I pointed out above, Carleton's name is often misspelled. Use that to your advantage and try this Free Ebay Misspelling Tool to locate the cheapest copy.
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How to Invest in Real Estate With Little or No Money Down
Amazon Price: $11.53 (as of 12/17/2009) 
![The No-Money Down CEO: How to Start Your Dream Business with Little or No Cash [With CDROM]](http://ecx.images-amazon.com/images/I/51vrSO9TNhL._SL75_.jpg)
The No-Money Down CEO: How to Start Your Dream Business with Little or No Cash [With CDROM]
Amazon Price: (as of 12/17/2009)
No Money Down
Amazon Price: $0.99 (as of 12/17/2009)
![Carlton H. Sheets -- How to Buy Your First Home Investment Property with NO DOWN PAYMENT -- Notebook Binder w/ Information Package, 12 CD Audio Course, 6 VHS, Envelope with Special Letter from Carlton Sheets and Creative Options Grid -- NEW and Individually Factory Sealed [VHS--Attention Renters, How to Get Cash at Closing, How to Triple Your Profits, NO Down Payment, Quick Start]](http://ecx.images-amazon.com/images/I/51E8t6rSZaL._SL75_.jpg)
No Money Down
Amazon Price: $17.99 (as of 12/17/2009)
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- jessicashalyn jessicashalyn Oct 31, 2008 @ 2:56 am
- Thanks for such an informative lens on Property.
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- mcgummer mcgummer Oct 22, 2008 @ 7:52 am
- good information in your lens here... try to visit my lens. just click here
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- Real_Estate_Mike Real_Estate_Mike May 28, 2008 @ 8:31 pm
- very good stuff - as a experieced real estate investor myself I know the real value of good advice - read and learn
If you are interested in raising private funds please go to www.Private Lender Magic.com
Thanks
Mike
