Re: Real Estate Business Financing
Well the only way your going to get 100% financing at a halfway decent rate is if you found a very very good bargain or you have the collateral to back the loan and then some. You make your money when you buy, not when you sell. The more you put down, the better % return you will get on your monthly cash flow as well. Your best bet is start out acquiring properties subjet to, or subject to exsisting financing. Basically you take over the sellers exsisting mortgage, without having to take qualify for the loan yourself. Doing this can be very lucrative, but also very dangerous if you get to greedy. Just because your not shouldering the risk of financing yourself, doesnt mean you can put any house you find on contract. I have helped a couple other 2+2ers out with creative real estate investing, so if you want to talk about this over aim send me a pm with your aim name.
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