Found 100% Financing For Investment Property!

LarryNut profile photo

......But I'm turning it down. Since I am only on the deed and not the loan for our home, no mortg. lender shows up on my credit report. So this quick thinking mortg. broker told me to buy as many houses as possible in the next 60-90 days and he would push me through a different lender and closing attny. each time and get me 100% financing and lower int. rate as OWNER OCCUPIED! Says he's done it many times, the lenders never have time to audit because they close so many loans, and it wouldn't start showing on my credit report for 60-90 days. Though I must admit that my over anxiousness and extremely high motivation to get my first property was ready to jump all over it, I woke up the next morning, looked at my wife and two year old son and decided that I would like to continue doing so. Though I WILL build a large and profitable rei business, I don't want to get there, look back and remind myself that the foundation was built on fraud. Though I disagree with alot of b.s. lenders and banks call laws so they can try to be the only ones to get rich at this game, I will not allow myself to justify it by breaking those laws just because someone is willing to allow me to in order obtain a bunch of origination fees in a hurry to line their own pockets. Remember my name, because I believe I'm less than 30 days away from my first property, which I will aquire with the proper ethics, smoke a cigar, sleep peacefully, and not care if I am am that ONE person that gets audited tomorrow. Then it will be "Katy Bar The Door!" To be continued.......