I read his book briefly before, but didn't complete it cos i got
the gist of it. That is to change the way we view money.
Ok, on to your question. Is it possible to buy a house without
money?
Thats a big no. You can't buy a house without money. BUT, you can
buy and sell a house to make a profit without ever needing to place
a downpayment.
Its called 'flipping', and this practice originated long before we
were born, and it is happening around the world. Success stories of
people making huge amounts of money are abound on the tv, magazines
and the internet. Its true, it is possible. But generally speaking,
not in present time.
This method of flipping properties for quick profits works only in
places where people are largely ill-informed of the market rates,
and such.
But in a well-developed country like Singapore, it will hardly ever
work anymore because of our trusty property valuers and property
agents with the latest information. This is evident by the failure
of many speculators who booked properties in the marina bay area,
in the hope of flipping within weeks or even days , but of course
most failed to do so.
