OfflineHow do I start? where do I start? How do I use the people with these excellent credit scores and how much can I benefit from it if all they had was good credit. These guys don't mind me doing anything I like with their credit just as long as they don't have to invest any money in it. Now what do I do? What do I look for and how do I profit?
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if you have buyers with 720+ credit and dont want to put money down. first thing first i would say is assigning property to them is the way to go, im a loan officer and i could get your buyer qualifed with a no money down deal and we could work together and make$$$$$ if this sounds like something your interested in write back or call 973/444/9055
you can also use the services of a HARD MONEY LENDER, that is if your looking to buy "FIXER UPPERS" and rehab them to retail condition, or you could also do what earl suggested and wholesale properties for a quick profit.
YOUR HERO, SULLY
Hello,
I have been researching hard money loans but cannot find any that require less than 35% down or that will loan more than 60% LTV. I have no more than 10% to put down on a flip and do not know where to begin... can someone point me in the right direction? There are SO many foreclosed properties in the city I live in, I'm SO motivated to begin investing but have hit a brick wall with financing. I have a mortgage officer at a bank but she said there is a minimum down payment of 25% for investment properties right now, she cannot help me.
yeah jano, it's rough right now, however i'm not sure what you mean by saying that HARD MONEY LENDERS require 35% down? there are some HML's that will do up to 65%, you DO NOT NEED MONEY DOWN, i know this is a little hard to find, but if you can buy a property @ say, 50% or less of ARV, then you wouldn't need any money down, but like i said "it's gonna be like finding a needle in a haystack" a least thats how it is where i'm at. Keep contacting HML's till you find one that will do what i said.
YOUR HERO, SULLY
I can do loans like that. If you have atleast $200K I can get you approved for $4.5 million. email me at: [email protected]
You must not have:
Any student loan collection, or owe any money in court-ordered child support.
Thanks! I'll keep searching... I have not found one yet but won't give up. Would I need to start a LLC in order to obtain one of these loans for 65% no money down?
i have recently signed up with dean & aff, have not received my kit, have no money,and cannot get a loan because my wife & i filed for chapter 7 a year & 1/2 ago. i would really like to get started in this business [ foreclosures]as soon as possible. any ideas? jesse
[email protected]