Re: Think like a bank
I am from Canada :P
I know a lot of people will use Robert Allen's techniques without educating themselves even further and you are correct, A LOT of them DO end up in a lot of trouble.
Many new investors simply read 1 book or 1 seminar, go out into the real estate market, and do everything wrong. They get "dealitis" and try as hard as possible to turn a bad deal into a good deal, which doesn't work.
There are a lot of Real Estate Gurus out there that teach impractical stuff and that is the caution I want to put out.
But these nothing down deals are not impossible at all. You just have to do your due diligence and proper analysis and you won't end up in trouble.
We home flippers / investors get a real bad name sometimes by the media, but it's due to that 1 bad apple that spoils the batch as well as newbies that walk into the real estate world and make a gigantic mess.
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