No on the SBA or business credit. The way you do it is you find a house that is for sale for less than 50% of its assesed value and any bank should fund it because its low risk.

I’ve heard all the same things you have… the “no money down, bad credit not a problem, use other people’s $$ to get rich” stuff they show on late night infomercials. But, they all seem to be scams. I’ve looked into quite a few of them. Bottom line, if you have the credit score, you don’t need the cash. If you have bad credit, you’re going to need a large down payment. One option – first time homebuyers usually get a better interest rate and more flexible terms – credit and downpayments are easier. So, you buy one home (will have to be your primary residence, though) and do the repairs/upgrades while living there. Then, you sell that for a profit, using the profit to buy the next home, etc.
Wish I knew something about the SBA/business credit option!!!
For the “get rich quick” schemes – check this link out before sending them .95 or .99.

Cash is your best option. Those late night infomercials are junk. Don’t waste your money. The SBA only insures a business loan, they don’t grant it. You will still need good personal credit in business. You will have to sign the note, and pay it off personally if the business goes under.

I’ve heard all the same things you have… the “no money down, bad credit not a problem, use other people’s $$ to get rich” stuff they show on late night infomercials. But, they all seem to be scams. I’ve looked into quite a few of them. Bottom line, if you have the credit score, you don’t need the cash. If you have bad credit, you’re going to need a large down payment. One option – first time homebuyers usually get a better interest rate and more flexible terms – credit and downpayments are easier. So, you buy one home (will have to be your primary residence, though) and do the repairs/upgrades while living there. Then, you sell that for a profit, using the profit to buy the next home, etc.
Wish I knew something about the SBA/business credit option!!!
For the “get rich quick” schemes – check this link out before sending them $19.95 or $99.99.