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11-30-2004 05:19 AM #1
- Join Date
- Nov 2004
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- 2
Buy Real Estate With No Cash/Credit
Last edited by ResaleBroker; 04-18-2005 at 06:36 AM.
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11-30-2004 10:12 AM #2
- Join Date
- Nov 2004
- Location
- Richmond, VA
- Posts
- 273
Re: Buy Real Estate With No Cash/Credit
Oh, oh!!! Spam me next!
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11-30-2004 01:52 PM #3
- Join Date
- Apr 2004
- Location
- Poconos, PA
- Posts
- 410
Re: Buy Real Estate With No Cash/Credit
The heck with this web stuff...I'm gonna be a millionaire
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11-30-2004 06:41 PM #4
- Join Date
- May 2004
- Posts
- 391
Re: Buy Real Estate With No Cash/Credit
yeah, where do I send the check?
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11-30-2004 08:36 PM #5
- Join Date
- Jun 2004
- Location
- Arizona, USA
- Posts
- 4,846
Re: Buy Real Estate With No Cash/Credit
I have to admit that's kind of funny.
Originally Posted by CafeMonkey
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12-28-2004 04:34 PM #6
- Join Date
- Dec 2004
- Location
- Malta, New York
- Posts
- 2
Re: Buy Real Estate With No Cash/Credit
Don't waste your money on anymore courses. Yes they are great but take action first. Do a few deals then buy that course with the profits. Get lots of reviews on the course first.
Yes it can be done. Call a hard money lender first. They do these deals and use the deed to back the loan and they might do a credit check for the first loan. One lender which I would use is www.brookviewfinancial.com . Just be sure to find a good deal 70% or less of ARV and do your homework as to the rehab cost and after repair value. Remember you must fator in the money cost. Its just part of doing biz. Brookview loans up to 1 year, price, repair and including closing cost. So have 3 plans for the home after repair when the loan comes due. Also they give you about 6 months to do the repairs before you owe on the loan.
No money down means you don't use any of your own money. If I had all the information realtors have I would be golden doing these deals. Don't let anyone tell you it can't be done.
Craig
www.ny-Ibuyhouses-cash.com
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