Updated over 1 year ago on . Most recent reply
Wisconsin No Money Down
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $1,500
A month ago my banker (who's is also also an agent) from my home town where I have other properties called me and asked if I wanted to buy this house. The previous buyer fell out of escrow and he was hoping I could do a quick purchase to get it off his books. I told him I was in escrow on other properties and I didn't want to start this and mess up the underwriting for the other properties. His solution was to wrap this loan straight into a loan I already had with him.
What made you interested in investing in this type of deal?
It was my uncles house. He is getting old and he needed to move.
