…lend with zero down. You can check my credit (~682), my income (~$18k), what ever. I have nothing to hide. As long as I get the loan at the terms I need and in the time frame required. I have little to no skin to put in my current deals. I do have money to put into the deal ($2k liquid $18k non-liquid) it is just a matter of not having enough money to put in the deal…its all I got what can I say?! Also I won’t pay any fees of any kind upfront unless there is a guarantee in writing that I’ll get the loan and the broker operates here in the US. I don’t like the idea of paying someone to “try” to get me a loan.
Conventional mortgage brokers will give me a no in seconds, and I don’t know how to go about searching for non-conventional lenders. Which is why I’m here.
I use buy and hold strategy. Any loans from any source will be calculated into my analysis to make sure I’m not operating at a loss even in a worst case scenario. Once a conventional refinance can be qualified for, you’ll have your money back. I don’t currently have any investment property. I have been studying up on real estate investing for the good part of 3 years. Much of my BA degree was geared toward real estate investing as well. I’ve learned all i can from books, “gurus”, and the internet. It is just now time to jump in and learn from experience.
If anyone suggests I ask family, or friends to co-sign or lend me money I’ll punch 'em. I’m uncomfortable with the idea, but I may consider partnering with other investors so long as they don’t make things difficult.
Any helpful input would be very much appreciated.