Posted by Jeff on July 09, 2002 at 10:13:04:
I am trying to find out some information about dealing with buying my first rental property. I have found a nice 2BD 1Ba unit. The owner has no mortgage and is willing to help in financing (a perfect home to start I think). Does anyone have a good technique to use so I don’t need to get a mortgage from a bank? I would prefer not using my own money to purchase this house. The asking price is ~$114K. Any advice would be greatly appreciated. I am looking at the house tonight!!!
An eager first time (hopefully) investor.