Other Peoples Money
I want to get started buying investment property, but I need money. I have been pre approved for 80K and I have an existing mortgage in Texas. I have a personal line of credit and want to use it for purchasing the property... can I? How do i use other peoples money? Are there any programs out there where you can purchase a property as an investor and do 100% financing? I need help.
Comments(0)
Dang!
226?!
Awesome.
What were the majority type of deals?
[addsig]
Ones that made money....
Sorry I have a bad sense of humor and some would say none at all.
I am a sub to equity buyer... If that is even a type of investor....
Good Luck
A sub-to equity buyer. Hmmm...where might someone learn more about that?
: )
Quote:
I am a sub to equity buyer... If that is even a type of investor....
yes, please do...
PUH-LEASE!!!!!!
sorry for the double post....[ Edited by jimbo858 on Date 08/09/2006 ]
Hello:
I am also interested in purchasing homes for investment purpose. I would like to know more, on how to purchase without using my personal credit.
Thanks
I know for a fact you cannot say "guaranteed 10%" interest or something along those lines because licensing and the way securities are looked at.
A banker called the sec on a investor buddy of mine and he got a full investigation. Luckily his books were good and he was only doing one investor per property. He still had to hire a lawyer to fight it off.[ Edited by Eric5 on Date 02/16/2006 ]
Terry,
Spamming your ad across multiple threads is really dumb.
Da Wiz
You can advertise, for private investors, check with an attorney.
You can also use more than one investor for a property as long as you give them each a separate deed of trust for their loan.
You not only have to worry about the SEC but typically, you have to be concerned more about your state Department of Securities.