Have you ever seen those infomercials about buying houses with "No Money Down?" They are nicely done. They have ground . people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their back pocket. You see this guy, standing on a street corner, talking to someone, and he says, "I own that one," pointing to a beautiful northeastern. "I also own that one next to it, and the one two doors down, and I am closing on the one directly across the street from it, next week." He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money concerning the properties. Plus, in many cases he's also paid no closing costs.
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