Brett looks at the reasons why you need money to get into property investment and why 'no money down property' schemes and other such strategies will generally end in tears.
We have seen too many people getting into trouble by investing without having enough money. We firmly believe that if you do not have the level discipline to save at least the deposit, then you shouldn't be investing in property.
We can list at least 10 so-called property gurus who fell over early in the recession because they built too quick, too big, by adhering to the principles of 'no money down'.
Watch this video to find out why you should avoid 'no money down' schemes and why you need money to invest in property.