Updated about 10 years ago on . Most recent reply
Financing Turn-key properties
I am a new
investor focusing primarily on wholesale deals to build cash reserves. I don't want to leave any stone unturned so I ask. Are there any financing possibilities for turnkey properties for a person with no/low cash or credit?
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Jay Hinrichs
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Jay Hinrichs
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@Ronald Jones short answer is no.. the only way basically you can do that is some sort of seller finance... you can do the non recourse loans IE they don't care about credit but you must have 40 to 50% CASH down.
you can do lower down through banks IE 20% or so but you MUST have excellent credit and reserves.
No credit no Cash = no long term loans generally... and you must look at seller finance.
Hope that helps you
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