Possibly my first "NO MONEY DOWN DEAL"!!!...

[Matt H]

hEy HoW's It GoInG....

I got some interesting news this afternoon...

I've done a lot of deals, but I've never actually done a no money down deal. I know it's totally possible, and I know people who have gone beyond that and gotten cash at close.

Well an interesting situation came up. I've been in the process of purchasing this 28 suiter. I got the first mortgage, but went looking for a second. Nothing was happening and I was getting a little worried and frustrated at everything.

Then all of a sudden my mortgage broker was able to find a lender who would do a line of credit on my house based on stated income. I don't have the final ok yet, but it's looking very good so far.

There is a good chance that I'm able to unlock $200k. If that happens then I would be able to purchase that 28 unit with "No Money Down". To me that would be a rather interesting scenario, I'll keep you posted ;-)