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timdow
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| Joined: | Fri Dec 16th, 2005 |
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Posted: Fri Dec 16th, 2005 10:45 am |
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Tom T wrote: "What is the best and easiest way to get a loan with the least money out of pocket!!! I know! I'm askinf for alot!!! "
Tom,
There are lots of 0 down loans out there even for investment properties. Try Amtrust or Suntrust. Good credit and some kind of reserves (401K or IRA counts) helps a bunch.
The key to making it work is to find a property that the numbers work on, which can be a challenge depending upon the market you are in. If rented, the rent should be at least 1% of the pruchase price to make a 0 down work. If not rented, you will need to figure what fair market rent will be for it. Please keep in mind that this is a rough estimate, and is dependent upon tax rate and other factors.
Any questions please feel free to email me cherokeeinvestor@yahoo.com.
Tim
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dabears
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| Joined: | Thu Nov 17th, 2005 |
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Posted: Tue Nov 29th, 2005 09:14 am |
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dabears
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| Joined: | Thu Nov 17th, 2005 |
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Posted: Thu Nov 17th, 2005 09:05 am |
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What is the best and easiest way to get a loan with the least money out of pocket!!!
I know! I'm askinf for alot!!!
Thanks for any help
Tom T
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