Posted by mike oldfield on March 18, 2002 at 20:44:26:
Go to the bank and get a 1st mortgage for 70% of the value of the purchase and have the owner take back a second behind your bank first. Look at all the cash the owner gets at the close. Hmmmm. And it’s still no down for you.
Mike Oldfield
Author “Real Estate Investing for the Average Joe”
newbie needs helps with “no money down” - Posted by Elliott Curran
Posted by Elliott Curran on March 15, 2002 at 10:03:53:
Gang,
What are some other ways, besides seller financing that one could utilitize for a "no money down’ option. I am looking at properties that are probably owned outright and there could be some negotiating, but not without a good chunk of $ down payment.
What are my options?