Colli Real Estate

I wonder if someone has made property investment with the money "without putting the approach?" How does it work?

I see all these infomercials that talk about how easy it is to invest in real estate with little or no money down. I was wondering if anyone has tried this option, if it does and how?

If it feels good to be true, then where's the catch? I have owned apartment buildings before, and if you are long enough to know the people in the banking sector. At one point, I learned about the vice-president in charge of real estate on the Savings Bank Hudson City, New Jersey. I had already done part in a transaction with the bank, a unit of 29 half-abandoned building in Jersey City. One day he offered me the property, and suggested I take a look. There I was a big brick apartment building, completely abandoned, sitting in the entire city block along Bergenline Avenue in Jersey City. If I remember it was something like 42 apartments. He offered to sell the building for one dollar. I refused. It's the closest thing to 'No money can down'as get, hell, it was not any money, but even at that price was a shabby affair. Of course, you can get these things for money, I've been there, but it is preferable to access with significant capital to renovate and update, and I mean anywhere in the tens of thousands to millions. If you do not means of transport and improve it, you think twice before going into something that can literally kill you. Many of the tycoons who seminars have sold real estate no money down offers on late 70 and 80 ended in bankruptcy, it should tell you something.

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