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neson32
business
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Needed guidance in respect of loans
Thursday, August 28 2008 03:34 AM
I?ve got great credit, but every lender I talk to tells me that I don?t have enough income to qualify for a loan. I?ve asked about ?stated income? loans, but they tell me investor stated income loans are so expensive it doesn?t make sense to use them. There have always been no money down ?gurus? out there that claim they can do no credit, no down deals. Does anyone know if this is really possible and are there any good ?free? resources for this information?
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bredjack
R.t.O. officer
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Re:Needed guidance in respect of loans
Thursday, August 28 2008 05:58 AM
Here?s a page that was sent to me that I thought was one of the best breakdowns of no money down structures I?ve ever seen. It?s a long, long article (20 or 30 pages). I bookmarked it and I refer back to it all the time. I?ve also bought some info from this guy and was not disappointed. Here?s the link. http://joecrump.com/secret.html
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Randy Hughes
Master Advisor-39 years of experience
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Re:Needed guidance in respect of loans
Saturday, August 30 2008 10:40 AM
Neson32,
We are in a great environment for seller financing. You need to learn all you can about this subject. The best advice will probably cost you a little but will be well worth it (for a few hundred dollars you can learn how to make several thousand in return).
One of the best methods I like to use is to ask the seller to take a note back for his equity (or as much of it as is necessary). The note should ideally carry NO INTEREST AND NO PAYMENTS FOR 3-5 YEARS.
Randy Hughes
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