Financing
I am a wholesaler. My credit score is 680. I presently have a mortgage, so to get financing on a second mortgage. I have been approved for 65000, but I need 10% down plus closing. Does anyone know of a better option besides owner financing. That just does'nt work in my area. Thank you.
[ Edited by mark19401 on Date 10/26/2003 ]
personal loans have worked for me. Timing is everything with these though.
Would a credit union be the best place to start?
Credit Unions or any other bank. Try opening accounts there and letting them deduct the payments directly. If you have a car that's paid off use that as collateral.
Gonna take some heat for this one, but have to say it...
Get a P&S agreement for the buy price that allows 30 days to close, then go find a buyer that can close with cash or a working line of credit within that same 30 days. No need for cash.
hope this helps,
clear2close
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