way around 20% down for investment properties ???

Get the seller to carry a second for the down.
Bill

thank you for your response and guidance.the seller wants all cash at closing .i asked to have her finance some but she wont.she needs to pay it off and just wants out. she wanted 35000 and i have it locked up at 25000 and would assign for 27000 just to get my 5th deal.there is a renter in that has been there for 4 yrs at 475 per mnth taxes approx7-900 and insurance 3-400 per yr. new siding windos roof in last 6 yrs also.need all cash at closing.
thanks for your tip bill will welcome all you have!!!

Credibility, ethics and integrity are all items that real estate investors should protect especially when dealing with banks and credit unions. It is a relationship business and no matter how good the deal is you should never jeopardize your credibility with these financial institutions.

Thus, you do not want to tell them it will be your primary residence because it may raise more problems or issues for you in the future. I have heard that HUD is bringing legal action on some investors that claim they are purchasing HUD "owner occupied" properties for primary residences when they have other intentions.

With that being said, I would say be as creative as possible for the additional funds needed can you ask the bank about a wrap around mortagge, meaning they would loan you the funds for the 20-30% in another usually higher interest loan? Other options may be to take in an equity partner, or find a private lender in your area. I hope you are able to complete these deals. Believe and Achieve! - Joe

I found a bank owned super low priced 12 unit in Phoenix that needs a ton of work. Thought I was being creative by asking the contractor to front 1/2 the money and thought the private lender would love the added value of the contractor making $40K in repairs upfront. Talked to 2 private money lenders & both will loan 65% of the purchase price! Not the appraised fixed up value. They really didn't even want to touch it because it's vacant. Any ideas?

You should try HML look in your sunday paper. You can find many of them that will work with the ARV and if you run your numbers right it will give you the full purchase price.Or do a back to back closing if your thinkin of doing a quick sell.

Have you looked in to a hard money lender? all you need to do is get a line of credit using the property as clateral, and refinance it pay off the hard money and your in.. I did this once got a cash advance on a visa card and than refinance, a condo.. I hope is at lease give you some Ideas.

I dont know if i could post it here but an investor in a meeting told me about this and he recccomend it to everyone
its a source for up to 25k unsecured loan.
Remember investigate
I havnt tried it yet so im not sure how it works
up to 25k
badcredit-loans.us