hi all! Im sookie,
I’m new at being a seasoned investor. But I simply love the course spend alot of time watching the videos. I got a passion for seeing it happen even in the rough draft!::
I have been wanting to invest in “Income Properties” At about $2-4 Million.
But was stuffed out of my dreams and into a shoe sock when the broker told me I would at least 20% down, without going to closing!
This one one deal search, the income property real estate agent never got back to me…
Anyway, I want to invest in this, it brings 250k per yr and is a biz office. I figure it would be a nice begining near my area.
But hard to get any financing, I need 100% financing, and have limited income. But I heard that income properties dont go for 100% financing ever, its a myth.
Now, I want no money down but dont think they will go for it. I was thinking of carltons partner option. I have one partner who would think it over.
Shes great.
What I need is to find a way to finance it, with no money down at all, not even the closing or the appraisal or broker fees.
Am I nuts?
Or is it possible???
8)enlighten me anyone?
How do I start investing in real estate fast, I was told that credit doesn’t matter:: And that esp if its income property, and that I should buy two properties:: Buy one to refinance the other and like C S says, put the down payment in a note.
Is it true to buy one to refinance the other and use the equity in the first as a down payment for the other???
someone help me get started.
My credit is not good BUT can be fixed EASLY with my first months payment of the income property.
What if I offer the seller a piece of the equity? And do you have to go to closing? Can you close online???
Or is that rediculous?
Thanks for all your help!
sookie,