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Updated about 2 years ago on . Most recent reply

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Deodat Ramdat
  • Rental Property Investor
  • South Ozone park, NY
10
Votes |
47
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How do I acquire a loan for 25k to 35k

Deodat Ramdat
  • Rental Property Investor
  • South Ozone park, NY
Posted

Hello all

I saw a few properties in Detroit Michigan for 25k to 35k. How can I acquire creative finances for those properties. Please advise

Thanks

Deo

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Travis Biziorek
  • Investor
  • Arroyo Grande, CA
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Travis Biziorek
  • Investor
  • Arroyo Grande, CA
Replied
Quote from @Deodat Ramdat:

Hello all

I saw a few properties in Detroit Michigan for 25k to 35k. How can I acquire creative finances for those properties. Please advise

Thanks

Deo


 Deo, PLEASE do not buy these properties.

I am the BP resident expert on Detroit. I own 12-doors there and live in California now. I'll be in Detroit from April 26-29th if anyone wants to hang out.

These properties have a high probability of ruining you. Also, nobody is financing them. Nobody. You need to have a house value of at least $67k to get conventional loans right now.

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