Here’s my situation… what next? - Posted by J.L.
Posted by J.L. on September 21, 2003 at 09:29:59:
I have a new home that I bought 3 months ago, I didn’t have to sell my previous home because I had excellent credit(over 800 in fico score) and some savings that I used to buy the new home, so I’ve been renting the previous home, I have about $ 188.00 monthly positive cash flow from the rent and I also have $ 37,000 in equity in that home and $14,000 in savings , my goal is to buy more homes either for rent or to resell…my question is… with my situation what are my options? I want to start looking for new properties, but I would like to have the funds pre-approved and available to me in order to make the purchase. THANKS