Invest/Credit - Posted by Anthony

Real Estate Investing Real Estate Financing
1

Posted by charlie on January 01, 2001 at 16:55:35:

the loan program is fha is has a 3.25 percent down payment and some or all can be guifts and the closing costs can be rolled in its a great program to get started you can get rehab money too

2

Invest/Credit - Posted by Anthony

Posted by Anthony on December 10, 2000 at 20:58:22:

Hi folks,

I have good credit (years of on-time payments) but have high debt due to my business. I would right now only have a very small amount of cash available for a down payment.

I would like to start investing in real estate – perhaps buying a nice multi-unit for owner occupancy to start. Do you have suggestions what loan programs and/or what type of financing I should be looking for? I have good income – about $185,000 for 2000 and about $80,000 for 1999.

I tried looking into a conventional mortgage this fall but the down payments needed were a bit stifling for now.

Thanks in advance for your input.