Posted by Jorge on July 19, 2003 at 18:32:24:
I have been told that I would need minimum 5% of my own money and that would be with the seller carrying back 15%.
When you say “very little down” what exactly do you mean? a few thousand?
As far as would 650 be enough to cover piti and cash flow, I think that would depend more on the interest rate I get no? If worse come to worse if my renter doesn’t want to pay enough to cover piti and cash flow… then I can always try hud… the most that they will pay for a 3 bed is 972… so I don’t think I would have a hard time getting 700 or so…but I have to find out what interest rate I can get first…
so if you have any other suggestions that would be greatly appreciated…