This is on the front page of The Business Times today:
"Authorities urged to act as investors are lured with no-cash outlay claims, fee waivers.
"Bold claims by property experts of wielding the secret technique of buying homes with no cash outlay or owning multiple properties have proliferated in recent months, as investors look for ways to circumvent the successive rounds of cooling measures.
"... generating high returns, having the right opportunities identified and served up on a platter, and gaining financial freedom are some of the enticements dangled by newspaper advertisements on a daily basis.
"... Investors .... are not only drawn in by claims that these experts, who range from authors to enterprise award winners, have made millions from the property scene, but also that they get to waive the registration fees which can cost a few hundred dollars."
I believe that there is no free lunch in this world. No one is going to be altruistic enough to help us if there isn't anything in it for them. How to buy a property with no cash outlay? I wonder.
So, if I had gone for a free seminar, told them I was interested to make money from investing in property but I had no money, would they still welcome me? Again, I wonder.
Perhaps, there is such a thing as a free lunch.
Related post:
Be a real estate owner the easy way (3).