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Is it still possible to do No Money Down deals?
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Not sure - 19.05%
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Total Votes: 21
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  #1 (permalink)  
Old 19-12-2010, 10:15 PM
atak73's Avatar
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Hi All
I've just seen the interview with Lisa by Vanessa about some NMD,s being illegal and I dont fully understand the ins and outs of it all.
If you buy property using creative finance can you lose them after they are done and what is the likely hood of being investigated.
I'm just looking into ways of building a portfolio the quickest way possible

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  #2 (permalink)  
Old 21-12-2010, 10:59 PM
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There is no short answer and it depends on which side of the fence you sit. I dont get involved in NMD because the majority of ways it is carried out is illegal. I have not been provided with any proof that a particular scheme works. All those that do NMD will say its been verified by a solicitor/barrister etc. Any scheme that won't let you use your own solicitor must have something to hide. I would suggest that you look into this a lot more before proceeding. PLEASE DO NOT PAY ANYONE UPFRONT FEES.
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  #3 (permalink)  
Old 28-12-2010, 12:56 AM
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Mick,

Look up The Truth Behind No Money Down Finance by Mark Tolley & Chris Wright, and buy it. It has all you need to know about the subject.

I've just searched for an update and it is probably at this link:

No Money Down Finance Exposed


Regards, Gerry
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