Posted by Randy on July 30, 2003 at 17:30:40:
Le Anne? with gentle kid gloves I can tell you there are many way?s to profit in real estate both in outright ownership / landlord and in CONTROLLING real estate with out ownership as in Lease Option.
There are secondary lenders that make real estate loans on STATED INCOME in other words ?what you put on the application is accepted?. These stated income loans are based on two things your credit score (FICO score) and the appraised value of the property your purchasing. You may be able to find a seller willing to offer ?Seller Financing? sometimes called a Contract For Deed or Land Contract. Many investors have ?Started? with less. The important thing is to Start. No mater where you are or what you have.