Financing and Credit

I Just Ordered Dean Graziosi's Think A Little Different To A Fortune Real Estate Course And My Biggest Concern Is What If You Have Bad Credit And No Money How Can You Make Money With Your System.What Make's Your Program Better Than Other Real Estate Programs Such As Carleton Sheet's No Down Payment Real Estate Course, Robert Kiyosaki-Choose To Be Rich, John Beck's Real Estate System, John Burley's Progressive Profits,And Many Other Real Estate Programs Out There Today...

I have two investors with $100,000 each, but they do not want to own property. So I thought that I can use their money to buy foreclosures at auctions fore cash and then get a mortgage on the property, that way I own the property, they get their money back plus a profit and everyone is happy. Now the reality is that the bank will only lend on the contract amount, not on the appraised value of the home. So if I buy a $300,000 home for $200,000 the bank will only lend 80% of the $200,000. Anyone has any suggestions how I can make this amazing opportunity I have with this investors WORK.

My question has to do with the financing.I sat with my broker today
to work out the option details.His question to me was,how do we show
the lender where the option fee money is coming from, when I credit it
back to my end buyer at the closing?
Hear is my example: A $250K HOUSE that I contract to buy from the
owner for $230k and L/O it to my end buyer for $250k.Lets say I
get $10k in option money and tell my buyer I will credit this money
back to him at closing.When I assign the contract back to the home
owner,how do we justify to the lender where the $10k came from?

I'VE BEEN TOLD I COULD PAY TO GET A TRADE LINE (OR PIGGYBACK),TO BOOST MY CREDIT SCORE; CAUSE NOT SO GOOD. THIS WILL ABLE ME A CHANCE TO GET A HOME LOAN FROM A BANK. DOES ANYONE KNOW ABOUT THIS VENUE? HOW DID IT WORK? WHAT ARE THE DOWN FALLS? IS IT WORTH THE MONEY? THANK YOU INADVANCE FOR INFORMATION

I'VE HEARD OF GRANTS OFFERED VIA GOVERNMENT FOR 1ST TIME HOME BUYERS AND BUSINESS INVESTORS. IS THIS TRUE? OR SCAM? WITH THE BUDGET DEFICIT THE WAY IT IS, HAS ANYONE HAD GOOD OR BAD EXPERIENCES WITH THIS VENUE OF STARTING UP. THANK YOU

I am looking for a partner(s) for properties in Ohio that I will find. I am wanting financing before I find the properties to make sure everything will be in place ahead of time they will be needed. There are a lot of foreclosures in this area, as in a lot of areas across the country. The market in this area has always shown appreciation, but unlike some areas around the country, that appreciation doesn't skyrocket to where homes are over valued!

Sorry about the repeats but I am going to try this again. Apprarently the last two were not readable due to a computer glitch.

I have the money to move on a property through a HELOC. If I paid for a property with the HELOC I can move fast and make a cash offer to a seller.

If I decide to just pay the HELOC payments it would be interest only, but I can always pay more w/o penelty. After the purchase I am considering then taking a traditional mortgage for 30 years and then paying the HELOC off.

Hi,

I have the money to move on a property through a HELOC. If I paid for a property with the HELOC I can move fast and make a cash offer to a seller.

If I decide to just pay the HELOC payments it would be interest only, but I can always add more to it w/o penelty. After the purchase I am considering then taking a traditional mortgage for 30 years and then paying the HELOC off.

Hi,

I have the money to move on a property through a HELOC. If I paid for a property with the HELOC I can move fast and make a fast, cash offer to a seller.

If I decide to just pay the HELOC payments it would be interest only, but can always add to it w/o penelty. After the purchase I am considering then taking a traditional mortgage for 30 years and then paying the HELOC off.

I am looking for investors in Western N.C. in the Asheville area that I can contact when I find great deals. Are there any investors interested in investing in this area?