I’ve seen these "No Down Payment" plans on late night television and want to know if they are real o

  • June 02 2013 - Las Vegas
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If you are a veteran or if the home is in a rural housing approved area, then you can go no money down.  Also, if you are a first time home buyer there are some state/county first time home buyer down payment assistance programs but you'll have to determine this in your specific area.  Other than that, if you have a family member willing to help you with the downpayment, you can do it without using your own cash.
  • June 25 2013
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As another Realtor said,  two loan programs that have a true $0 Down Payment to get the loan, that is a VA and a USDA loan.  However; when you close on the house there are closing costs that you have to pay, unless you ask for the Sellers to contribute 6% to your closing costs and pre paid items.
  • June 24 2013
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The guys in the infomercials make a lot of money, but not in real estate. They are in the business of selling books, plans, seminars, etc. It's easier selling you those crazy schemes than it is for them to actually do what they are advocating in their programs.

If it was so easy, they would be buying real estate that way, not putting out infomercials.

Consistently making money in real estate requires a lot of hard work and a lot of hours. It isn't a "get rich quick" scheme, though sometimes the market turns at just the right moment and you can get lucky enough to make a quick buck.

Sometimes you hear about the "late night gurus" being charged with fraud. Those telling their "success stories" are often just actors. Most of these guys have moved to the internet now.  Although I do go to bed pretty early so I couldn't tell you for sure.  :)


  • June 03 2013
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There are only two loan programs that have a true $0 Down Payment. That is a VA and a USDA loan. Every other loan requires a down payment.
  • June 02 2013
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You're apparently a Real Estate Agent and you are asking this question? You had to have passed some sort of test, right?
  • June 02 2013
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There are also late night commercials for pills that will make you loose weight without exercise, house ware products that you never thought you could live without and all kinds of other get rich quick ideas.

If they were that easy, everyone would be doing it.  Don't fall for it. 
  • June 02 2013
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