Whether you are looking to buy a home to live, or to get into the real estate business, this eye-opening report will show you in simple language how hundreds of Americans are quietly making millions.

Most never lifted a hammer, paint brush, or worry about whether there will be tenants next month, or go through weeks of eviction process with the court.

Forget about those no money down programs you see on television and real estate seminars. All they want is your money. If truth be known, there are only a few ways to own homes with no money down.

Fast-talking seminar promoters FORGET ( did they? ) some very important facts. No money down does not mean no money down. What?

No money down means the money comes from somewhere else. A loan from your mother? Mowing the seller's lawn for a year? Asking the realtor to BORROW his commission for down payment? A credit card?

They call it creative financing. I call it deceptive practices. Dishonesty.

Let me save you several hundred dollars ( For some of you it's already too late ). Below are the most common methods of TRUE no money down techniques.

No Qualify Assumable loans ---- you take over payments.

This is common with FHA and VA loans originated before 1989. The advantage is you take over without qualifying with credit or income check. Although there were many homes sold this way, the downside is, sellers will want more than the current balance owed on the home. Wouldn't you?

VA loans ----------- Are you a veteran?

Contract For Deeds ( Owner Financing ) ------That's if you can find a seller that doesn't want down payment from you.

Rent-To-Own ------Rent For A Few Months With The Option To Buy Later. The Seller Takes A Portion Of Your Rent and Credits Your Down Payment If You Decide To Buy.

State/Local low income subsidy programs ---- This means you will have to settle for below standard homes.

Using Sweat Equity ( This technique is used in place of down payments. Typically you need to find a seller that owns his home clear and free. You purchase the home with no money of your own. In exchange you offer to fix the home to increase the value of the property.

There are many variations of the above examples. The natural real estate entrepreneur will customize the above methods to fit his personality.

You don't need to spend hundreds of dollars to know that there are fortunes to be made in the real estate business. You just need to know how. We'll get to that in a little bit.

But first, one of the biggest real estate television GURU, William McCorkle, was recently arrested and charged with 90+ counts of consumer fraud, and money laundering. It turns out that the seminar promoter didn't even own the cars, boats, and planes he showed on his television show.

This was what the Assistant Attorney General Of The State Of Florida said, "I won't say he didn't make any deals. He may have done a couple while selling tens of thousands of video tapes. But he's not in the business of selling real estate he's in the business of selling videos." Mr. McCorkle has made as much as $6 million a month selling his packages.

McCorkle promised thousands of people that he would put up his money on foreclosed homes, and then split any of the profit when the properties are sold. His promises fell short, and thousands were lied to.

The missing fact?

There are not many homes available at 50 percent below market value. The typical homeowner can barely afford a realtor to sell his home.

According to statistics, the average American moves in 6.7 years. During this time, 95 percent of the mortgage payments made go towards interest. Assuming that the property has not depreciated, many homeowners today have unpaid liens against the home. Second mortgages, home equity loans, and lines of credit are just a few examples. You may have seen one of the hundreds of advertisements for loans up to 135 percent of the value. Where is the equity?

Some seminar promoters will even sell you the listing of homeowners in foreclosures. The same listing they sell to a thousand other "preferred customers". They tell you to call these people and close the deals. In theory this sounds great! In reality, why wouldn't these promoters contact the homeowners themselves.

Other promoters push cashflow, cashflow, and cashflow. The idea is to purchase a home, find renters, charge more in rent than the mortgage payments, and down the road sell the home for a profit. You own the home, and someone else makes the payments for you. So it seems.

The Untold Story

Some renters can't pay. Others don't want to pay. If you want to evict them you have to go to court. And then you have to pay the local sheriff to evict the dead beat tenants. Of course you may have to replace a few appliances, fix the wall, and clean the mess.

But wait..there's more. You have to put it up for rent again.

As you can see, positive cashflow is a great concept. But it doesn't always happen. I've seen many so called investors go out of business. Some end up filing personal bankruptcy because they've put up their life savings on the line, only to find out that they have NEGATIVE cashflow 7 months straight.

What is the secret? SELL HOMES YOU DON'T OWN. Homes you don't have to make payments. Homes you don't have to collect rent. And Homes in every area of town.

I use this technique everyday. Why not buy your next home this way. Sellers will have no option but to want to sell to you at their ROCK BOTTOM price.

More details about this hidden gold mine in our private site. It's simplicity is guaranteed to shock you.

.  . .