All Topics / General Property / Nothing down

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  • Profile photo of marsha_tong28976marsha_tong28976
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    Hi there, has anyone read the book called “nothing down”? When I read Steve’s book, I noted that he mentioned the book called “Nothing down”, I read it, and found it is very good. There are some questions I want to discuss with anyone who had read “Nothing down”.

    Profile photo of AdministratorAdministrator
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    Questions ?

    Where are they ?

    Pisces

    Profile photo of melbearmelbear
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    Yep, read it.

    Spit ’em out[:)]

    Cheers
    Mel

    Profile photo of JetDollarsJetDollars
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    I also readed this posted Pisces, but not the book tho…

    Warm Regards

    ChanDollars
    [Keep going, you’re on your way to Frolic Freedom!]

    Profile photo of PropertyGuruPropertyGuru
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    I am thinking of buying today what’s the full name of this book? Only one such book in the market or more?

    Cheers
    [:)]
    PropertyGuRu
    I want to be billionaire! [;)]

    Profile photo of Still in SchoolStill in School
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    Hey Guru,

    come round my place, if you got time, i will teach you how to buy with no money down if you want… [:)]

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    Profile photo of PropertyGuruPropertyGuru
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    I have bought some properties without money already but want to know more about it. lol

    Cheers
    [:)]
    PropertyGuRu
    I want to be billionaire! [;)]

    Profile photo of Still in SchoolStill in School
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    Hey Guru,

    ill teach you a new way, the way, i was showing you last night… but still it is easy to do, but not long to wait only another 3 months before you can buy more with no money down again… or try what we talk last night, mabye you can buy again with no money down… and straight away, instead of waiting…

    … but hang on, arent you buying 1 property every 3 weeks on average…or less [B)]

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    Profile photo of MrIronmanMrIronman
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    Hi all

    come on S.I.S..spill the beans. How do you buy no money down every time?

    You can PM if it’s a sensitive topic..hehe

    Regards

    Ironman

    Profile photo of JetDollarsJetDollars
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    Originally posted by Still in School:

    Hey Guru,

    ill teach you a new way, the way, i was showing you last night… but still it is easy to do, but not long to wait only another 3 months before you can buy more with no money down again… or try what we talk last night, mabye you can buy again with no money down… and straight away, instead of waiting…

    … but hang on, arent you buying 1 property every 3 weeks on average…or less [B)]

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    SIS, PG,

    Can this be the three masketear (can’t spell sorry) again?

    Warm Regards

    ChanDollars
    [Keep going, you’re on your way to Frolic Freedom!]

    Profile photo of LeswonLeswon
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    What is the name of the author – Nothing Down?
    Kind Regards
    Les[:D]

    Profile photo of elveselves
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    yeah so let us in…

    so far a lot of posts about “nothing” [;)]

    Profile photo of AdministratorAdministrator
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    Les, the author’s name is Robert G. Allen.

    The book may be out of print. he has however written a few more since then I think.

    This is what i saw on http://www.dymocks.com.au and http://www.amazon.com

    The Dymocks site :
    Multiple Streams of Income – $27.55
    Robert Allen
    This title offers simple and effective strategies for finding new sources of income – for life!. In “Multiple Streams of Income”, Robert Allen, aut…more
    ISBN: 0471218871 – PaperBack

    Multiple Streams of Income – $69.95
    Robert G. Allen
    Explains how readers can build a lifetime of unlimited, secure income, introducing ten rules of successful investment, the art o building a real-…more

    This is what I saw on the http://www.amazon.com site :
    Most popular results for nothing down:

    Nothing Down for the 90s by Robert G. Allen (Author) (Hardcover)
    Buy new: $16.45 Used & new from $10.99 Usually ships in 24 hours

    Creating Wealth : Retire in Ten Years Using Allen’s Seven Principles of Wealth! by Robert G. Allen (Author) (Paperback)
    Buy new: $11.20 Used & new from $8.93 Usually ships in 24 hours

    Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. Allen (Author) (Paperback)
    Buy new: $11.87 Used & new from $11.59 Usually ships in 24 hours

    More results for nothing down:

    Flipping Properties: Generate Instant Cash Profits in Real Estate by Robert Dahlstrom (Author), William Bronchick (Author) (Paperback)
    Books: See all 109,598 items

    Buy new: $13.27 Used & new from $10.99 Usually ships in 24 hours

    • Excerpt from page 36 “… with creative of- fers and nothing down, pie-in-the-sky promises. This view does …”
    See more reference to nothing down in this book.

    Sponsored Links: What’s this?
    Robert Allen’s System — One Minute Millionaire Author’s Proven Residual Income System aff — http://www.whyresidualincome.com/cswanson

    Real Estate – No Credit — $1.5 Million worth – Zero Credit Checks. “So Simple it’s Scary”. aff — http://www.BuyWithNoCredit.com

    Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert G. Allen
    Books: See all 109,598 items
    Used & new from $2.75 Usually ships within 1-2 business days.

    Nothing Down for the 2000s : Dynamic New Wealth Strategies in Real Estate by Robert G. Allen (Author) (Hardcover)
    Buy new: $17.50 Not yet released.

    How to Create Multiple Streams of Income Buying Homes in Nice Areas With Nothing Down by David Finkel, Peter S. Conti (Introduction)
    Books: See all 109,598 items
    Out of Print–Limited Availability

    Master guide to purchasing real estate with nothing down : over 50 ways to purchase real estate, including low down, no down, and even putting cash in your pocket at the close of escrow– plus many more wealth building ides by Surinder Lehga
    Used & new from $191.73 Usually ships within 1-2 business days.

    No Down Payment Formulas: Over One Hundred Ways to Buy Real Estate for Little or Nothing Down by Ed Beckley, Don Day Studios (Illustrator) (Hardcover – January 1986)
    Books: See all 109,598 items
    Used & new from $8.89 Usually ships within 1-2 business days.

    Nothing Down: Dynamic New Profit Strategies for Cash Flow and Appreciation in Real Estate by Robert G. Allen
    Books: See all 109,598 items
    Used & new from $4.95 Usually ships within 1-2 business days.

    Nothing Down? Nothing Doing! Real Estate Guide for First-Time Buyers by Alan Ray Hoxie (Paperback – September 2002)
    Books: See all 109,598 items
    Buy new: $12.95 Used & new from $11.50 Usually ships in 24 hours

    Nothing Down: How to Buy Real Estate With Little or No Money Down by Robert G. Allen
    Books: See all 109,598 items
    Used & new from $2.75 Usually ships within 1-2 business days.

    Nothing Down for the 2000s : Dynamic New Wealth Strategies in Real Estate by Robert G. Allen (Author) (Hardcover)
    Books: See all 109,598 items
    Buy new: $17.50 Not yet released.

    Nothing Down Payment Formulas: Over One Hundred Ways to Buy Real Estate for Little or Nothing Down by Ed Beckley, Don Day Studios (Illustrator) (Hardcover – January 1986)
    Books: See all 109,598 items
    Used & new from $8.89 Usually ships within 1-2 business days.

    Nothing Down: Dynamic New Profit Strategies for Cash Flow and Appreciation in Real Estate by Robert G. Allen

    Pisces

    Profile photo of Still in SchoolStill in School
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    Hi MrIronman,

    lol… i dont buy, with no money down, but i do know how to create instant equity and cash, cant spill… but do remember, when you do buy with no money down, it means no money down, but still, some how and some what there is money still there… its a lateral term, Guru and i use…

    … cant spill, but think laterally, some how money is still use, but nothing put down…

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    Profile photo of Still in SchoolStill in School
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    Originally posted by Chan$:
    Can this be the three masketear (can’t spell sorry) again?

    Of course Chan$, the 3 musketers (i dont know either how to spell it)…

    Chan$ [}:)]
    Guru [8D]
    sis [8]

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    Profile photo of elveselves
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    thanks for all the info on the books

    Profile photo of wrappackwrappack
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    I aint read the books, but hate to see an intelligent thread getting murdered unnecesarily.

    Few ideas-
    i) buy with a long term settlement, then market moves up, revalued, easy finance.
    ii) 100% vendor finance. If the vendor will lend you the money, you may not need a deposit
    iii) 30% vendor finance. Bank lends 70%, vendor 30
    iv) buy and renovate during settlement (allowed in contract of course!). Revalue, etc
    v) buy an option
    vi) deposit bond.

    Okay, okay, some of these are not exactly literally “nothing” down, but they are about the best that I could come up with.

    Anyone got any other ideas?

    Profile photo of melbearmelbear
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    Nothing down to me means no money out of my pocket.

    So it could be equity, it could be a loan from a 2nd mortgage, vendor, parents, friends, personal loan, credit cards etc.

    Just so long as the deal still works with the extra costs for the ‘unconventional’ finances you find.

    Cheers
    Mel

    Profile photo of redwingredwing
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    Don’t you hate it when [grad]Still In School Goes all *cryptic* !![fear]

    REDWING

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Profile photo of kay henrykay henry
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    wrappack said:

    ii) 100% vendor finance. If the vendor will lend you the money, you may not need a deposit
    iii) 30% vendor finance. Bank lends 70%, vendor 30

    Those are really good ideas, wrappack. But re getting vendor finance… presumably that would be suitable for those with no equity (who could use one of the other options), but my question to all is: isn’t it better to either have equity or a deposit? If a bank won’t lend you enough money, then isn’t that some indication that you are in over your head?

    What do people think?

    Also, re vendor finance, does it appear on your credit rating? And are the people providing the VF able to check your credit history? Wouldn’t this be ruled out by the privacy act?

    Another way to do the no money down thing is to go into a joint vewnture- think of the second person you’re in with as providing the deposit for you.

    kay henry

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