Need Help W/first Rental Purchase
The house is fmv 49000, asking 49000.
I am offering 30,000. If he were to accept, can anyone tell me of ways I could get this house no money down.
rents are about 6-650 a month
no work needed to be done to it
and the seller doesn't want to do owner financing because he says this is his first rehabb and he wants the cash to get some more properties[ Edited by katrina on Date 01/19/2004 ]
Here's a simple one.
Find a partner who will ante up the down payment on a loan, as well as all closing costs.
Negotiate the best deal you can get with them on the issues of repaying them and giving them a share of the ownership.
Hope this helps.
[addsig]
not enough time to find a partner, don't know anyone who would be able to assist me. He is goin to auction on the 22nd
thanks for your reply