Posted by Bob Taylor on September 15, 2004 at 08:53:40:
Yes, you can do deals with “No Money Down” as I have done that, and, with money back at closing even. However, there are a few sellers of courses that will imply NMD, but, they in fact allude to Other Peoples Money, which is non of your own money down.
Yes, it becomes your money when you borrow it, but, you can do deals with No Money Down, non of YOUR MONEY DOWN. Sometimes that leads to negative cash flows and worse. You can, and, will get better deals with some money down, be it yours, or, someone else’s.
Good luck, and, good investing, B T