Good Marketing Is Kind Of Like A Bad Habit

Have you ever seen those infomercials about buying houses with "No Money Down?" They are in fact well done. They have every kind of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out in their pocket. You see this guy, standing on a street corner, talking to someone, and he says, "I own that one," pointing to a beautiful colonial. "I also own that one next to it, and the one two doors down, and I'll be closing on the one directly across the street from it, next week." He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he's also paid no expenses.

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In 10 years of to be a landlord, I lost thousands of dollars and likely took some years away from my life with all of the stress Got endured. So, whatever you do, stop the No Money Down Lock. There are much better, still inexpensive ways to money actual estate.