Buying houses with little or no money and no credit is not a myth. In fact, the process of using creative financing is exclusive to real estate investing and offers the buyer the maximum leverage possible - zero investment. So technically any profit the investor makes selling or renting the house is an infinite return on his capital ($0)! If there is a myth about using no money to buy a house, it is the myth that an investor must give the seller a monetary consideration to "seal the deal".

Creative financing methods for real estate investors are very important because no matter how much money an investor has, he will need more money as he becomes more successful.

Creative financing methods allow the investor the leverage of purchasing or controlling four to ten times the same amount of houses if he uses cash for their purchases.

Getting a seller to accept an offer for his house that is lower than another offer can be done with a little pre-planning. Sellers are not always looking at the highest possible price for their house, despite their telling you that from the time you meet them. You must determine what type of offer to make the seller based on how you will sell the house later.

An investor who rehabs becomes more efficient at estimating repair costs as he remodels more homes. In the case of rehabbing, size does matter because of the expense of the larger size of the basic mechanical systems in the house. These include the electrical, plumbing, roof, heating and air conditioning, flooring, sewer/septic, doors and windows, etc.