Posted by JPiper on November 29, 2000 at 08:07:41:
I doubt if you’re right that you can’t get lender financing…especially if you’ve got a little cash to put down and your credit is good. You could try some of the “stated income” loans that are out there. Call a good mortgage broker.
Or, you could read this site. Lots of ways to buy houses that don’t require YOU getting a lender.
But, a classic way to make money is to buy cheap, fix up, and resell at retail value. That $6K house might be an excellent deal. But before you’ll know, you need to know what it’s worth AFTER you fix it up…and what it will cost to fix it.