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Two years ago, I blogged about someone telling me that there was a way to own properties with very little money or no money at all. Two months ago, I updated in the comments section of that blog post that he lost quite a bit of money doing it.
Today, I came across a blog post by Gerald Tay in Propwise.sg on "No Money Down" properties. His family is in property development and he shares his views on the claims by "gurus" that people could own properties with no money down at all.
I am recommending the blog post as a must read although it is a little bit of a teaser because there is a Part 2 yet to be published.
"Would you like to discover “Secrets of how to own properties with little or no money down?” or “How to own three properties with just one property?” The “gurus” will have you cough out thousands of dollars just to attend workshops or seminars that teach questionable investment techniques, claim you can own properties with no money down, pepper you with lots of crappy motivational talk, then sell you properties at the end of the workshop saying you must take action now and can soon be millionaires upon graduation."
Read blog post by Gerald Tay in Propwise.sg:
http://www.propwise.sg/no-money-down-properties-legit-scheme-or-scam/
Money is hard to make. We must make it hard to lose.
Related post:
Be a real estate owner the easy way.
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