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Author Topic: need advice  (Read 970 times)

Offline bdw

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  • Posts: 2
need advice
« on: July 27, 2009, 12:21:21 pm »
I've found a property that I'm interested in purchasing.  After looking into HML it seems very expensive and does not leave much room for profit.  On top of that most of the ones I came across want 15 to 20% down.  I thought the primary reason for HML is to not have to use your own money for financing.  Are there any loans left out there that allow you to not use as much out of pocket money?  It also seems that most loans don't allow for early pay off.  Even the HML's wanted interest payments up front for 12 months.  How does someone go about using little out of pocket money to purchase a house and then sell in 3 to 4 months.  Is it even possible anymore?

Offline real estate 001

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Re: need advice
« Reply #1 on: July 27, 2009, 12:30:20 pm »

Welcome 

To the mortgage meltdown

Every one  in the money game  wants more of your skin in the game  then ever

And as far as selling it off in less then a 12 months HA unless you sell it on a owner contract   and ask  and get a large down  as well


 




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