No money down means you put none of your own money in. You simply borrow or use the discount to get the deposit and then buy as many as you can. The higher the rent the more you have to cover the borrowings. It really is as simple as that.
Now I have been talking about credit cards recently. I started my business on credit cards. I have bought actual properties using the cash draw down facility with these cards.
So over the next few weeks I will be sending you sources of finance. Some will be 0% and some will be in the many of the hundreds of percent. It doesn’t matter as long as the figures stack. How much would you pay if you needed £500 to make £50,000?
I would gladly pay 1,000% APR on £500 for one month (total cost of borrowings £100) if it meant I was going to make a lot more.
Then you can use this finance to buy properties! Take £5,000 borrowed at 10% APR. Invest it in a little money down property worth £75,000, wait 5 years for it to be worth £150,000 and you would have made £75,000 from NOTHING. Not £5,000 as you have borrowed it.
Welcome to getting infinite returns.
So here is the first source of cash:
0% VIRGIN CREDIT CARD CASH GRAB!
Ajay
PS Bye Bye Credit Crunch
Posted on: 4th Feb 2010
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