how to finance this deal??/ - Posted by al

Posted by Patrick S. Lawson on March 30, 2006 at 07:56:06:

…If you are planning on this being a buy hold…bad deal.

how to finance this deal??/ - Posted by al

Posted by al on March 29, 2006 at 18:42:01:

I have chance to buy an investment property , a condo for 86000. they rent for about 850-900. I want put down as little as possible. The most is 10%. With mortgage and condo fee total payment maybe about 1050 or so. it’s a neg cash flow. but it is woth 105000 to 110000. is this a good deal and how should i finance it…thanks

Re: how to finance this deal??/ - Posted by RJ Baxter

Posted by RJ Baxter on March 30, 2006 at 07:34:27:

If you intend to sell it right away and you costs aren’t too high, sure it’s a good deal- if you can pocket 10-20K in a matter of a few months, why not?