Discouragement has to be faced with the many would-be real estate investing professionals and this is because of the assumption that acquisitions require deep-pockets. The myth that: "nothing-down purchases", is believed by some to be impossible.
In the early 1980s era of the real estate investing, Robert Allen with his best-seller, "Nothing Down", initiated the well known --Zero down Real Estate Movement. After providing an observation on how commercial properties were acquired with no money down, Allen has definitely applied 50 techniques from the commercial real estate industry to the residential property marketplace. Across the country, he began holding real estate investing conventions; and for his publication, he was reportedly paying $1 million as advance royalties.
A startling eye-opener to the public was the Nothing Down era. The books on real estate investing requiring no money, was written by Allen's predecessors, like Nick Nickerson, Al Lowry and Mark Haroldsen,yet, there are only few people who are aware of this. It was Allen who popularized the notion, and in fact, it became a strong public draw for his real estate investing seminars.
There are some of Allen's convention speakers who were ultimately revealed as "con men," and some also were bellied up. It was Robert Allen himself who went into bankrupt in the year 1996. Generally, the public concluded that Allen was probably a fraud, and that they even believe that the real estate investing was impossible without deep-pockets.
The Nothing Down Real Estate Investing Movement have caused the damage of the Wall St. Journal yet, it was able to interview many investors who were using "Zero Money Down" techniques. After interviewing me repeatedly and others who knew of my real estate investing, the business editor of the Wall St. Journal has featured me in an editorial as one of the most successful investors in the nation who had purchased millions of dollars in rental property without any money.
These previous unfolding events are actually pertinent in providing a conclusion on how to buy real estate properties with limited funds. During my first 4 years and to the tune of $10 million in real estate investments, I proved that properties could be acquired without cash or credit..For many of my properties, $10 bill was used in the acquisition.
There is possibility in the FSBOs For Sale By Owners purchases, through the negotiations with motivated sellers. Without cash or credit, I bought millions of dollars in real estate properties and this is by learning acquisition skills that required no money down.
To cover the agent's listing fee, the real estate agents providing the list of real estate properties, minimally require a down payment. Cash is demanded by the agent fees upon acquisition, though these listed properties were no more valuable than the FSBO properties. I have purchased some agent-listed properties, but from a motivated seller, my target acquisition continues to be FSBO real estate property in the intervening years since the 1980s.
In the early 1980s era of the real estate investing, Robert Allen with his best-seller, "Nothing Down", initiated the well known --Zero down Real Estate Movement. After providing an observation on how commercial properties were acquired with no money down, Allen has definitely applied 50 techniques from the commercial real estate industry to the residential property marketplace. Across the country, he began holding real estate investing conventions; and for his publication, he was reportedly paying $1 million as advance royalties.
A startling eye-opener to the public was the Nothing Down era. The books on real estate investing requiring no money, was written by Allen's predecessors, like Nick Nickerson, Al Lowry and Mark Haroldsen,yet, there are only few people who are aware of this. It was Allen who popularized the notion, and in fact, it became a strong public draw for his real estate investing seminars.
There are some of Allen's convention speakers who were ultimately revealed as "con men," and some also were bellied up. It was Robert Allen himself who went into bankrupt in the year 1996. Generally, the public concluded that Allen was probably a fraud, and that they even believe that the real estate investing was impossible without deep-pockets.
The Nothing Down Real Estate Investing Movement have caused the damage of the Wall St. Journal yet, it was able to interview many investors who were using "Zero Money Down" techniques. After interviewing me repeatedly and others who knew of my real estate investing, the business editor of the Wall St. Journal has featured me in an editorial as one of the most successful investors in the nation who had purchased millions of dollars in rental property without any money.
These previous unfolding events are actually pertinent in providing a conclusion on how to buy real estate properties with limited funds. During my first 4 years and to the tune of $10 million in real estate investments, I proved that properties could be acquired without cash or credit..For many of my properties, $10 bill was used in the acquisition.
There is possibility in the FSBOs For Sale By Owners purchases, through the negotiations with motivated sellers. Without cash or credit, I bought millions of dollars in real estate properties and this is by learning acquisition skills that required no money down.
To cover the agent's listing fee, the real estate agents providing the list of real estate properties, minimally require a down payment. Cash is demanded by the agent fees upon acquisition, though these listed properties were no more valuable than the FSBO properties. I have purchased some agent-listed properties, but from a motivated seller, my target acquisition continues to be FSBO real estate property in the intervening years since the 1980s.
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