Hi my name is Michael my wife and I have been through thick and THIN. More thin than thick in our 10 year marriage. WE bougth a program for real estate investing about 3 years ago from someone I would not say who “don’t like to start negativitly” didn’t work at all. Our work is very demanding “we work 24/7” and have no time to invest unless we take the leap of faith and quit. Well I decided this was not the life we wanted to live. Was then when we decided to call Carlton Sheets. We got the program on July 05. I am 36 yo and my wife is 31, and we are fanally aprove for our first HOME PROPERTY ever ;D since our credit was very bad do to some life situations away from our control. We live in Orlando FL and we are looking for others investers in the area to guide us in our journey in this wonderfull carreer since we quit is DO OR DIE.
Do or DIE huh! That is a great place to be it is when you need to do it and have nothing to fall back on that you will get it done. I was there. It is not that bad you can do it!!!
Welcome to the board, you’ll find a ton of information here. I find myself in a similar position after being laid off for the second time in a 3 year period, it’s time for something I can control.
Well after 10 days of scouting the neighborhood I GOT my first deal!!!
$19,000 cash back at closing and $15,000 in equity !!! that is before paying the closing cost. ;D ;D ;D ;D
Well my3kids send me a IM you anwser is simple talk to your mortage broker for the info on how much money back at closing you can get and how much money is allowed to repair in the mortage. You get the money at closing fix the property the rest is yours.
Ahhh. Don’t you have to pay that back since it’s part of the money you borrowed?
Yes re-sale the property with the $15,000 equity and you gain more money no need to pay it back.