By guest contributor Gerald Tay

There are many myths about doing property deals. Most contain a grain of truth – and a lot of misinformation. Several printed advertisements and mass emails in the past couple of years have been claiming that one can invest and own properties with no money down. One advertisement even claims you can make millions of dollars with no money down in just 24 months!

Essentially, the advertisers would run a free seminar to induce participants to sign up for their property courses that come with very hefty fees in the thousands of dollars to learn their “Secrets of the Experts” property strategies that any average investor could apply with success. These advertisers would also sell you overseas properties on a No-Money Down scheme and claim they come with high returns.

Legit Scheme or Scam?

The biggest question for a property investor is always about creative ...