How to finance investment property with almost zero down?
Posted by admin
Suresh P asked:
I own two condos one, I live the other I am renting out. Both dont have any equity yet. I already have 51% debt to income. I can still afford MXM 5K down including closing costs and tax prepayments. My interest is to buy foreclosures and sell after ~2 yrs. I am aiming at high end units that can currently be bought at ~200K but will apraise to ~350 in about 6mos. Is there a way to find finance in this situation.
Edward
I own two condos one, I live the other I am renting out. Both dont have any equity yet. I already have 51% debt to income. I can still afford MXM 5K down including closing costs and tax prepayments. My interest is to buy foreclosures and sell after ~2 yrs. I am aiming at high end units that can currently be bought at ~200K but will apraise to ~350 in about 6mos. Is there a way to find finance in this situation.
Edward
February 24th, 2008 at 8:29 pm
The money to retail buyer or other investor trust me if you can find deals like that property itself as am very sharp into finding the property itself as am very sharp into finding.
Finance this deal and then assign your rights to retail buyer or other investor trust me if you can find deals and split the profits hard money is easy regards.