Posted by James Harris on November 10, 2006 at 16:35:43:
Lauren, perhaps the best thing to do is to wholesale at this point to get cash needed to py down your bills.
How to get money for deals… - Posted by Lauren
Posted by Lauren on November 10, 2006 at 13:28:53:
Hello-
I am in debt up to my elbows. It’s like getting blood out of a turnip to get $1,000 out of me. I have a mortgage and student loans, car ins., health, etc… I really want to make some deals, but I need closing costs, in some instances, money down- does any one know a way I could get 100% or more based on LTV? I am also interested in any preconstruction deals with no out of pocket cost.
Help. Fast.
Re: How to get money for deals… - Posted by Ron M
Posted by Ron M on November 11, 2006 at 11:19:11:
You may want to consider a partner who has the ability to borrow the money or even has a savings account earning 3%-5% that would rather earn 10% of more. This can give you even better returns that wholesaling especially if you are willing to oversee the project. I have done deals with wholesalers who brought the property and ended up giving them 20% to 50% of the profits depending on their involvement and how much profit was available.
Best Wishes,
Ron M (WA)
Re: How to get money for deals… - Posted by Alex L. Hollins
Posted by Alex L. Hollins on November 11, 2006 at 09:14:40:
I agree with James. Do you have a wholesale course. I have a couple you may be interested for a reasonable price (Brand New ) Let me know
Alex L. Hollins
www.pleaseclose.com/alexhollins