Posted by kenny on December 20, 2002 at 14:13:19:
Are you volentiring?? If not, can refer someone???
Highly unlikely, but not IMPOSSIBLE .
If i had someone to use for a partner, i would surely look at that.
Thank you for your response.
I WILL PAY FOR YOUR INFO ! $500 ( long letter ) - Posted by kenny
Posted by kenny on December 18, 2002 at 19:18:40:
Can anyone refer me to the right place ??? LTV is only 50%.
I am an 18 year carpenter, unemployed due to accident, but still am able to do my type of work, but not at the speed an employer would need it done. I have resaerched and researched for ALL types of loans, but no go yet. I am willing to give $500. to ANYONE
( once the loan is done and sealed ), who can get me to a lender who is willing to finance me. My tax returns are for only about $10,000 for the last couple years,( minus 2001,with no taxable income ) and am now working on collecting s.s.,OR GET THIS REAL ESTATE INVESTMENT STARTED.
If you need anymore info PLEASE DO NOT HESITATE TO ASK. Thank you !!!
We have 2 house which are available to us, for $43,000,
( 1 for $20,00 0r less, and the other for $25,000 or less ).
The tax assessment for these are $93,070 ( $,38,530 and $54,540 )
According to the surrounding property values,
they will be relisted at over $100,000,( $54,540 and $70,000 )
after minimal work.
I am an 18 year veteran carpenter.
My credit is not so good ( especialy after recieving a $9,200 counterfiet cashiers check this year from a motor vehicle sale ),and we have no money to put down, BUT are
hopeful the current property value itself will help with this, as the loan
to value ratio would be below 50 %.
We need $45,000 or less to close, but would like
to have an extra $7,000 for beautification and the little rehab there is.
No payments for a set amount of time( 3-6 months ) would also be a plus .
We are looking for a maximum loan period of 24 months, but a 30 yr over all
( to keep payments down ), with a balloon in 12-24 months,
as we intend to clean up our credit and re-finance,and/or relist.
I am looking forward to hearing from you,and am flexible on
terms and conditions of loan.
My annual income is $10,000 average, i am 38 yrs old with not good credit.
Thank you for your time
and consideration .
Best reguards to you
and your loved ones
this Holiday season
and ALWAYS !!
Our love and prayers to you and your loved ones !! GOD bless you all !!!
Kenny. DeBusk.
P.S. Do you know “the reason for the season”?
Property is located in Iowa.
Re: I WILL PAY FOR YOUR - Posted by Nate(DC)
Posted by Nate(DC) on December 20, 2002 at 13:58:01:
Kenny,
What you need is not a lender, it’s a partner.
Let’s be honest. It is highly unlikely that you will be able to borrow the money. Why not get a partner to do the financial side, while you do the construction side, and split the profits? Half of something is better than all of nothing.
NT