Have Buyer, They Have Financing...need A House (& Profit)
i currently work in the mortgage industry. I have a friend that wants to buy a house. Low credit score. too low for FHA. they can be financed to 90% LTV in subprime market. 10% can be gift. all closing costs can be a gift. I don't have a house for them to buy. There are probably some REO's that would suit them...and give me a nice 10% piece of the pie. Even when I find such a property, how can i write the deal up...ie ...i haven't a pot to p--- in. Any help is REALLY, REALLY appreciated.
Check the properties tab on this site. There may be a property available in your area that would work for your friend.
You will find the most motivated seller at a REI Meeting. Search in your area. Look in your local paper under rent to own listings. Call them and ask if the would consider selling.
Lori
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