Re: Investor loans-low down-anybody do this?? - Posted by Cesar
Posted by Cesar on December 07, 1998 at 20:25:31:
As a matter of fact, I am in the process of doing some deals right now with 90% investor financing. What you need to do is find a good, trustworthy mortgage broker in your area, and make him your best friend. There are not too many better ideas than building a good team and sticking with it. I have built an almost-perfect team of mortgage broker, appraiser, real estate agent, title company, and mentor. I must say, the last part, the mentor, will probably be the best investment you will ever make. Take them out to dinner as often as possible (you pay, of course), and pick their brains. There is no substitute. No matter how many books you read or seminars you take. I strongly believe in increasing your knowledge, but not at the cost of experience. Read the books and take the seminars, but try to find someone who you can offer something to who has the experience.