Updated over 12 years ago on . Most recent reply
No money down strategies?
My partner and I are looking to buy properties with no money down, and are looking to not pay through the roof interest rates. One strategy we were thinking of is on below market value properties, is having the seller give us cash and raising the sale price, and using the money as a down payment. We are dealing with cheap single family residences, normally priced in the 20 to 40 thousand dollar range. And there is another complication to what we are looking for: we want to have our guarantee under our corporation instead of personal. We also want to pay interest only on a 10 or 15 year note. Is this possible or will we have to adjust our strategy?