Posted by michael e. v. knight on February 18, 2001 at 23:50:19:
hi steve,
yes no money down is possible. the best and easiest form of no $ dn is total seller financing.
the second best way (could in fact be the best way for beginners) is to get a partner with $, credit and some experience.if anyone on this board lives in or around rhode island i will gladly mentor you for free and partner with you on deals you find, just write me.
hope this helps
michael e. v. knight
What to do 2 ??? - Posted by Steve
Posted by Steve on February 18, 2001 at 22:20:11:
So I made an offer an a investment condo! offered $68,000
the rents were paid up until AUG. all that money sitting there!!! Real estate lady says I cannot use rents, had to rework in form of 72,000 loan seller gives back 3,000 for down payment!!! Only problem is mortgage broker, needs additional 3,000 closing costs!! And because of debt to cash ratio, wont give me good loan anyway!!! What to do???
Here I think I got it !! 3,000 back from seller, 0 money down - but now bahm $3,000 more for closing costs!!!
Is 0 money down a reality???