Posted by Jamie M. Perez (TX) on June 20, 1999 at 23:09:39:
If your credit and your cash are low, you may want to stay away from making offers through a realtor at this time. They’ll want a down payment. Even if you get an “investor” loan, the lender will still want to review your credit and will probably penalize you with high interest or other restrictions.
Always know your numbers and your exit strategy before you make an offer. Are you planning to rent this house out? Lease Option? Rehab and Retail? Wholesale? Let me know your thoughts on this and what other prospects you’re looking at.