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Forums » Make Deals, Find Partners, Mentors & BirdDogs, etc. » looking for first time home buyer bethlehem pa no money down no closing cost cash back

looking for first time home buyer bethlehem pa no money down no closing cost cash back Subscribe to looking for first time home buyer bethlehem pa no money down no closing cost cash back

6 posts by 3 users

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Dom Dom

Real Estate Investor


Forum_avatar_avatar-nomad356

Jan 24 '09, 01:11 PM

sorry wrote post twice but this is first time posting. Straight foward deal no closing costs no down payment between $5000-$10,000 cash back. Property is in Bethlehem, Pa. Can only work with first time home buyer possible with a second home buyer

Edited: 06/26/2010 at 07:02AM


Jon Holdman

Real Estate Investor · Wheat Ridge, Colorado


Forum_avatar_avatar-wheatie

Moderator Pro

Jan 24 '09, 10:40 PM

Not sure I understand. You have a property and you're looking for a buyer, right?

Please provide some specifics on the property, and this financing.

Edited: 06/26/2010 at 07:02AM

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Dom Dom

Real Estate Investor


Forum_avatar_avatar-nomad356

Jan 25 '09, 05:58 AM

Yes have property 3 bedroom 2 bath in bethlehem pa. In up and coming area lots of projects going up excellent renting community haven't had a vacancy over 2 weeks. I was hoping to get a first time home buyer working with a mortgage company who has program for first time home buyers that would cover closing costs and require no down payment. Cash back is a contract between buyer and seller that is completely legal and binding would rather not make public. Is very creative and we know banks hate creative

Edited: 06/26/2010 at 07:02AM


Jon Holdman

Real Estate Investor · Wheat Ridge, Colorado


Forum_avatar_avatar-wheatie

Moderator Pro

Jan 25 '09, 06:14 AM

Well cash from buyer to seller would have to be on the HUD-1. Otherwise it's not just creative, it's fraud.

Edited: 06/26/2010 at 07:02AM

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Carlos Figueroa

· whitehall, Pennsylvania


Forum_avatar_avatar-priscarlos

Jan 25 '09, 06:18 AM

where in bethlehem i live in whitehall pa

Edited: 06/26/2010 at 07:02AM


Dom Dom

Real Estate Investor


Forum_avatar_avatar-nomad356

Jan 25 '09, 09:19 AM

The money from seller is a private agreement from seller which happens after the purchase. Also no money is given to the seller at any time during or before the closing. not needed to qualify for the loan. The money is a legal binding contract made after the purchase of the home and therefore is not needed to be recorded on hud because it is a seperate transaction just as if I were to hire contractors or a management firm to service the property it would not have to be listed on the hud.Also I mentioned cash back not cash back at closing. I know if something sounds to good to be true it is usually is something funny but I have been a private investor in this business for over ten years I am legitimate. I have dealt with these kind of forums before that is why I didn't want to get into specifics.My lawyers have gone over my dealings and have confirmed that everything is on the up and up. Please do not take what I am saying the wrong way I too would have questioned the legality of said transaction. Therefore with that being said do I have any takers.

Edited: 06/26/2010 at 07:03AM by Dom Dom




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