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All Forum Posts by: Daniel Kee

Daniel Kee has started 1 posts and replied 2 times.

Post: heres my situation, how can i buy a home?

Daniel KeePosted
  • Mount Zion, IL
  • Posts 2
  • Votes 0

I bought my house 3 years ago with zero down it was my first house and I had the owner put 5% down and went FHA. It went through without a hitch. Rules may have changed a bit but your first stop should be with an agent so they can set you up with lending options.....of course like the post above you can do land contracts and rent to own but get a lawyer to look over everything

Post: Hello everyone

Daniel KeePosted
  • Mount Zion, IL
  • Posts 2
  • Votes 0

Well I am new to this forum. I have been researching for over a year and have a mentor when I need one......but it is always good to get other peoples advice as well. I am going to browse around and try to find the answers to my questions but I will list a few and feel free to answer them for me!!

My biggest question is financing. I have calculated myself to death with debt service and running all of the expense and profit numbers...so I have that down....but....Is there anyway to get around the 20% down. My goal is to buy a bunch of muti-units manage them and do real estate sales as well. I have a friend who is a broker and wants me to work for him when I do....but I am trying to give myself solid footing first. I got fried by the stock market so I am set back on saving for the 20% for a few years.....any opinions would be nice.....