BiG Tip: Be wary of the some of the creative (often risky) ways you can get into the property market, especially if you have little or no cash, there are many ‘gurus’ and others out eager to give you a creative hand. They suggest ways to overcome FOMO (Fear of Missing Out) by using some of the following strategies or methods of getting started, be careful as they can be niche and complicated: Here are some you might get tempted by:

• Buying ‘wholesale’ or at a discount (e.g. foreclosures/distressed properties/mortgagee sales)
• Cash backs and Rebates
• Cash flow mortgages
• ‘No money down’
• Option contracts
• Instalment contracts/Rent to Own/’ Wraps’ (a.k.a. Vendor Finance/Instalment Sales Contracts)
  What you need to know about Rent to Own Schemes realestate.com.au
  Vendor finance – An introduction to vendor finance for real estate in Australia and Rent to Own – Cordato Partners (lawyers) NSW
  Cons:
  Rent to buy schemes
  *Not legal, or severely restricted in some Australian States (eg S.A.)
  Rent to own schemes are rare in Australia, and you’re better off avoiding them., Finder
  Rent-to-buy schemes: How do they work and what are the pros and cons?, Canstar
  “We Buy Houses” claims from rent to buy promoters prompts fine” by Jennifer Duke – Property Observer
  Property spruikers under investigation by state governments amid rent-to-buy and vendor finance deal concernsRent to Buy companies include Own Home