Any lenders financing 100% in Lake County Illinois - Posted by Joe

Real Estate Investing
1

Posted by Chris on February 14, 2000 at 19:49:45:

Joe, if 5 unit or above you may want to look at this cheat sheet. If 4 unit or below at least use the Gross Rent Multiplier. Ed Garcia is one pro who posts on this board who can be of assistance for these properties.

http://www.creonline.com/mm_28.htm

-Chris

2

Any lenders financing 100% in Lake County Illinois - Posted by Joe

Posted by Joe on February 14, 2000 at 13:30:20:

HI, I found a multi-unit for 685,000 with a positive cash flow (after expenses,debt,repair,etc.) of about $19,000.per year.Using the Sheets cash flow form.

Are there lenders that would finanace this 100% or is it just wishful thinking.( owner will not finance).

Is this the type of cash flow the lenders look for to do this kind of a deal.

THANKS for all your replys.

Joe