1st timer need help - Posted by mike

Posted by mike on October 22, 2003 at 21:52:16:

I recently was preapprove for 100% financing for up to 80k but due to bad credit i have a 9.75 interest rate. I’m happy to have money now but how can i buy a house for a rental and make a profit when i’m paying a 9.75 percent interest rate. Can anyone suggest any creative solutions.