Posted by michael schindler on July 15, 2004 at 12:53:55:
sounds like contract for deed chapter is a good place to start…realtors-you cut into your profits when you sell, your choice if you need one or not.
find a partner with some cash. If you find a flip/rehab and you have no money down, how are you planning on fixing it up? easiest way, find a cash partner and pay your bills on time to fix your credit. Credit is essential if you want decent rates-or even Contract for deeds because, if I were approached about one, I’d definately have their credit pulled before I say Yes. Go to banks and ask about REO properties-maybe they will sell it to you-small banks are better to work with in this area. good luck
Potential New Investor - Posted by Danny Albright
Posted by Danny Albright on July 13, 2004 at 18:24:41:
Hello, to begin with let me say I live in the state of Texas. My roomate and i have just recently purchased a real estate investing course and have read it. I also have printed several articles on real estate investing and am really excited about them. I think the area we are looking to start out in would be buy low-sell high/ flipping where we buy a property fix it up and then resell. My question is really what is the best way to finance this, let me give you some info on us to help you better answer the question. My credit is not very good/ my roommates credit is pretty good. we do own our house not outright but are paying on it. Neither one of us have cash in a savings account or anything. But we both are very determined to make this work somehow. Our goals are to get out of debt/ save for retirement become financially independant/ and so on. I also would like your input on No money down or whatever your advise would be to help us get started. also the financing thing what is the best way to go. and should we start out using a realator? for the paperwork and to help us sell when it is fixed? Any advise is greatly appreciated.