I don’t have the thousands of dollars needed for a down payment on a home, and I’m wondering if there is anyways I can get a multi family home in Los Angeles, San Jose, Oakland.

@Vann Calhoune the downside is having your property destroyed and costing you thousands of dollars to fix.

I live off dividend income from investments, several thousand per month.

The world would have to come to an end before a risk would be as great as any other type investment.The greatest thing about real estate is I am 70-years old, still work a full time job running a company and while I am working and sleeping my real estate makes thousands of dollars every day, seven days a week, with hardly zero effort, from cash flow and appreciation.

There are hundreds of thousands of us here to do just that. 

Because of medical reasons I was forced to file bankruptcy to get rid of my medical bills in collections that was ruining my credit.

but lenders also want cash down.so to get a 100% funded deal its got to be a screaming deal other wise it wont cut it at underwriting and so those with no money to put down and beginning find it difficult to find those deals in todays market.. so they end up being out 3kso its not nothing down its 3k down until you get a deal . plus you should check i believe there is a submission fee.others have reported this site that they paid the 3k and paid multiple submission fee's and never got funded. so they are out thousands for this no money down loan.now to be fair and balanced i dont blame the lender for being very tight on underwriting .. but its Caveat Emptor for sure.

I am negative to not thoroughly understanding, assessing and making good longterm decisions when getting an asset that costs 100s of thousands.

I always recommend making sure a contractor carries liability insurance (because spilled paint can ruin a lot of things)...

Virginia Beach is also a huge vacation spot on the east coast and people pay thousands for vacation rentals every summer.