need financing - Posted by Fiona

import · January 18, 2001, 11:53am

Posted by R.Barr on January 18, 2001 at 14:26:51:

Check out the Pactrust program.

import · January 18, 2001, 11:53am

Posted by Fiona on January 18, 2001 at 12:53:59:

HELP!!! Have found a rental property I want to purchase. 2 units…already occupied…rentals totally $870.00 per mo. The place is on the market for $88,000.00. Have a great job with not so good credit. Would like to buy the property with no money down. ANY IDEAS???

import · January 18, 2001, 2:18pm

Re: need financing - Posted by JohnBoy

Posted by JohnBoy on January 18, 2001 at 15:18:23:

$88k mortgage plus taxes, insurance, repairs, maintenance, vacancies, etc., will put you at a negative cash flow with only $870 in monthly rents coming in. You need to buy this for a lot less than $88k!

Is the seller MOTIVATED???