Posts Tagged ‘purchase’

How can I get a loan to purchase rental property with no money down?

April 20th, 2010

I want to borrow $250,000 but I can only come up with about $10,000 for a down payment (most banks want $45,000).
The property I want is currently completely leased and generating about $4,000 a month. My credit is pretty decent.

Does anyone know of anyone who would loan me money?
I don’t know where Craig lives, but don’t anyone move there…he pays way too much in taxes.
The “loan calculator” figures in taxes AND insurance with a payment less than $1850

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