here u go:
http://www.creonline.com
http://www.magicbullets.com
http://dealmakerscafe.com
3 that I use extensively!!!
TJS
http://www.creonline.com
http://www.magicbullets.com
http://dealmakerscafe.com
3 that I use extensively!!!
TJS
Anyone looking to finance a 100% on investment properties in the midwest can get a hold of me.
People probably think it is not possible but it is. Real simple. Say you find a house you like for $200,000.
Put the purchase agreement in. get an appraisal to support the value of $200,000. Get two loans, one for $160,000 and one for $40,000.
What if you don't qualify for the mortgage? If you have good credit the investor will let you state your income and still do the loan. You need a middle credit score of 680 to do this type of deal.
What is the downside? An investor is making 100% financing on an investment property which is a higher risk loan because it is an investment property and an even higher risk because they are not verifying what you state you make for income. What do they ask for in return? If you guessed a higher interest rate, then you are right.
The company I work for is liscensed currently in Minnesota, Wisconsin, North and South Dakota, Iowa and Colorado. We are close to being liscensed in Arizona and Nevada.
If anyone has any interest in talking about investment properties feel free to get a hold of me.
On another side note, sometimes people have a hard time getting financing on commercial deals. My joke is bankers will lend you money if you can prove you don't need it. We have another lender that does deals on commercial properties that banks pass on. They are a national lender and can do it in all 50 states. Once again, what do they ask for, higher rate. Usually there is a reason the bank won't do the deal but with some creativity there is often a way to get the deal done.
The websites posted look interesting. Finding good deals is the hard part.
As always good luck
Northern Star
People probably think it is not possible but it is. Real simple. Say you find a house you like for $200,000.
Put the purchase agreement in. get an appraisal to support the value of $200,000. Get two loans, one for $160,000 and one for $40,000.
What if you don't qualify for the mortgage? If you have good credit the investor will let you state your income and still do the loan. You need a middle credit score of 680 to do this type of deal.
What is the downside? An investor is making 100% financing on an investment property which is a higher risk loan because it is an investment property and an even higher risk because they are not verifying what you state you make for income. What do they ask for in return? If you guessed a higher interest rate, then you are right.
The company I work for is liscensed currently in Minnesota, Wisconsin, North and South Dakota, Iowa and Colorado. We are close to being liscensed in Arizona and Nevada.
If anyone has any interest in talking about investment properties feel free to get a hold of me.
On another side note, sometimes people have a hard time getting financing on commercial deals. My joke is bankers will lend you money if you can prove you don't need it. We have another lender that does deals on commercial properties that banks pass on. They are a national lender and can do it in all 50 states. Once again, what do they ask for, higher rate. Usually there is a reason the bank won't do the deal but with some creativity there is often a way to get the deal done.
The websites posted look interesting. Finding good deals is the hard part.
As always good luck
Northern Star
