Posted by stephanie b. on October 22, 2003 at 14:45:30:
quick question,how did you put a 2.2mil property under contract without putting up some $$ to hold the property??
How to get a no money down - Posted by No Money Down
Posted by No Money Down on October 16, 2003 at 16:09:26:
My question is how do I make the loan presentable so that I can get a hard money lender or someone to do the deal. I have a property that is under contract for 2.2 million and I have an appraisal at 3.54 million. Every lender I talk to wants me to have 10% or give them 5,000 or 10,000 dollars so I have something to loose. The NOI is 344,000 yearly on the property so I can pay a note at an APR of 20%. If anyone has any suggestions or anyone that could maybe line this loan out please let me know.