Comments on: Investment Property – Finance It Creatively

By: laney.lowe

laney.lowe — Mon, 01 Sep 2008 10:57:19 +0000

By: Brent

Brent — Mon, 01 Sep 2008 01:40:44 +0000

TRUE!

By: Suresh P

Suresh P — Mon, 01 Sep 2008 00:30:15 +0000

get a team of people who have money to finance this deal and split the profits. Hard money lenders will lend up to 65% of the appraised value. However, I worked with some that based the loan on the property itself as I am very sharp into finding good deals and have built a trusting relationship with them.

You could also control the property by having a 6 month purchase option contract on that property and then assign your rights to a retail buyer or other investor.

Trust me, if you can find deals like that, finding the money is easy.

Regards…

By: Jot

Jot — Mon, 01 Sep 2008 00:05:46 +0000

Financing is a problem? That sounds like a slam dunk.

1. Go owner occupied, 80/20, get a credit from the beneficiary/seller or what have you for costs…done deal.
Send me a message and I can set that up in a snap

By: Michael K

Michael K — Sun, 31 Aug 2008 17:08:59 +0000

80/20 loan – interest only on the investment property.

By: ujenfo

ujenfo — Sat, 30 Aug 2008 13:50:03 +0000

You could try to get the owners of the property to sell to you on a lease option for say 2 years, and lets say that you pay 500 a month, with 500 down, then you would have control of the property and you could do your fix-ups or rent it out and collect the rent.( Be sure and include that in the offer that you can rent the property out) You should be able to get a 2nd mortgage to do your rehabs, (most banks would want to be in 1st position and the owner would hold the 2nd mortgage) If you have control of the property it makes thing alot easier, check out a mortgage broker they can usually find something. I currently use GMAC mortgage and they found a place that we only need 5% down on investment property. Good luck!

By: guidobutcher

guidobutcher — Sat, 30 Aug 2008 13:43:49 +0000

The trust must contain the property before any financing can be done by it. You need to look at your living trust as completely different entity than yourself.