Little Help

Posted this in the wrong place. Ok here's the deal. I found a building on the mls it said the owner would consider any kind of financing smile so naturally i called. but once i called the realtor told me the lady who owned it was letting the listing expire (no specific reason given I figure its cus its tax time) now i know how to get ahold of her and all the other fun info i need. it's a five unit building and two of the units need rehabbed.

now onto my story i have absolutely no money right now because i've been off of work since july because i broke my ankle at work. but the rehabing won't be a problem i'll take care of that all by myself what i'm wondering is how should i work the financing? lease option? sub/to? PLEASE HELP!
[addsig]

Comments(1)

  • tinman175511th February, 2004

    There are many lenders that will lend you money on a subject to appraisal in the state of Ohio. you could possibly roll all of your costs in one loan and your problems will be over. Unless you haven't paid your bills in the last five months. because even though you got hurt at work investors are looking for responcible people to lend money to. They usually like to see 6 months in reserves, that will make your new career solid. Of course most people think "it will never happen to me" So the kind of financing depends on what you have to offer someone. You seem like a big risk

    Good Luck Lori
    [addsig]

Add Comment

Login To Comment