So many of my friends do not believe me when I tell them that I buy with no money down. It gets easier as you own more properties.

The trick is so simple, You do not need to buy the TV course either. All you need is good credit. I cover this topic in great detail in my other articles and websites.

In one of my recent transactions, I am getting ready to close on a pre-construction house in Homestead Florida. I like to buy with 80 % down, this way I don't pay PMI and the paper work is so much easier. I also use the Option ARM, because I am not keeping it for more that a year.

So in this case I made a 10% deposit using a credit line from Bank of America and now for the closing and closing costs, I am going to use one of credit card promotions that gives me 0 % interest for 9 months. I plan to flip this in about 6 months so who cares?

This is just a small example of buying with no money down. Another common method is using a VA Loan with 100 % Financing. Then you can use certain lenders that offer zero closing costs. They will do this only if you have good credit and sign up for a the loan with at least 2 or 3 years worth of elevated prepayment penalties. And Finally if your credit is not so good, you can use the rent with the option to buy method.

My point is that you can really buy Real Estate with No Money down. If you can hold it for even 1 year, you will make some decent money.

If you have any similar examples, please feel to share your comments.