Posted by keith hutson on September 26, 2003 at 20:22:18:
You luck thing Kelly! The best part of Florida!
I believe when you do real estate you have to account for your “risk”. If you have to do a deal where you made no profit you need to go back to the boards and read again.
Any bank will take that kind of deal. In fact I bet you could get a dozen banks to do those kind of deals. You need to put the creativity you have read to use. Contact 12 banks and keep making offers. First you must prepare a “proposal” for them, a short, bulleted proposal which is a type of resume and sell yourself.
Don’t do deals where you can’t walk away with at least $10,000. Your time and risk is worth something. As someone told me in the past: “Your time is all you have to sell.” Make money for your time and risk. Banks do. They look at your circumstances, credit etc and base interest rates on the risk.