Offlinehi was wondering how i can buy forclosures with no money down.. have bad credit, had a forclosure of my own 2 yrs ago am self employed could someone steer me in right direction possibly
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buying forclosures no money down
Posted on: Thu, 06/09/2011 - 15:16
Have you read ANY of Deans books? What you need to do is laid out in them for you. I would start there. I would also spend some time reading posts on this forum. Your answeres are here as well. Best of luck to you in REI.
Cathy B
Follow my progress at:
http://www.deangraziosi.com/real-estate-forums/investing-journals/44397/...
One thing I would look into is hard money. There are hard money lenders that will lend 100% of the purchase price on the property if you buy it at a deep enough discount. You will need to keep in mind hard money is short term between 3-6 months. By the time your loan is due you will need something done with the property and the abilty pay off the hard money loan.
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