Official Carleton H. Sheets^® Website

I have had the program for a few months and yes there is plenty of information about how to buy real estates. My problem is I don

Well, kerv2004, if that program has not worked for you, all I can say is you've done something wrong! I've bought a total of 33 properties, selling 10 (making anywhere from $16k to $50k on each one), and renting the others with a positive cash flow of over $77,000 annually when they are all rented. If one or two are vacant, the profit from all the other rents is more than enough to cover the payments.
I found a bank that gives me 80% financing on the appraised value and because I always buy below market value, I normally leave the closing table with money for repairs.
I have purchased 3 properties so far in 2008 (this is only April 1st).
My latest gem is 1821 Court Edmun in Middletown, Ohio (Butler County, if you want to look at the auditors website; http://propertysearch.butlercountyohio.org/butler/Search/GenericSearch.aspx?mode=PARID) last sold in 07/05 for $114,000, my bank had it appraised at $122,000. I bought it for $60,000 and the bank loan me $63,000. It was built in 2001, 3 bed/2 bath. Needed paint, carpet & appliances and some minor repairs ($3500). My payments are $503 per month and I had it rented for $950 before my first payment. When ever I decide to sell it (maybe 25 years from now, after tenants have paid it all off for me), I sell it for a lot more than I paid for it. And it wouldn't have cost me a dime out of my pocket!
That's a perfect example of "No Down Payment" and how the program really works!
The easiest way I have found to buy a property with no down payment is conventional financing for owner occupied property. Buy it for yourself, live in it for a while (until you find a buyer) and then sell it at a profit.
1) Find a bank offering 100% financing (Yes, they still are out there. I have posted info for a loan in Ohio, Indiana & Kentucky for first time home buyers, see next post.)
2) Find a house that is a great deal, with very little work. (Yes they are out there, you just have to look.)
3) Get credit or credit card for paint, carpet & appliances.
4) Sell at a profit and use that money for down payment on the next.
Another way to buy w/o money is to use "and or assigns" or your purchase contract and agree to close within the maximum time allowed (90 days if they will let you). Find a buyer within that time __frame__ and assign them your rights to purchase.
Example;
Find a house worth $100,000 and offer $80,000 and 90 days to close.
Once your offer is accepted, aggressively try to sell the house for $90,000. Have your buyer get their financing and have them closet before your 90 days is up. They get a good deal and you just made a quick $10,000 that you can use for your next purchase.
There are many ways to do this, spelled out in Carleton's program.
I did not have the personal coaching (but it took me over a year to buy my first property as I lacked confidence). The coaching is great if you really need some hand holding, but not necessary because everything you need is explained in detail the "No Down Payment" program!

For first time home buyers in Ohio, Indiana & Kentucky, I have posted info about a great loan here; "OH, IN & KY - great first-time homebuyers loan" under the topic; "Creative Financing Techniques" at;
https://www.thepeionline.com/index.php?option=com_fireboard&Itemid=110&func=view&catid=27&id=5638#5638