Financing - Posted by Chris White

Posted by Ed Garcia on December 29, 2000 at 18:22:25:


Sorry to say that we don’t have enough information. When dealing with smaller deals it has its pluses and minuses. Plus, Small deals, affordable living, the buyer can own, having a smaller monthly payment than if rent.
Minus, smaller deals have a smaller lending community; fewer lending sources limit your buying market.

With out having any information, I’m going to suggest working with a small bank and getting a working credit line. This is a credit line designed to purchase for resale.

Ed Garcia

Financing - Posted by Chris White

Posted by Chris White on December 27, 2000 at 21:40:22:

I am looking to buy fix-up houses for 15k and sell for around 35k. Do you have any advice as to financing the cost of buying and fixing-up the house?