Lots Of Desire But Little Dollars!

How do I obtain finances to purchase a . . .

5 to 6 family brownstone
Location: Brooklyn NY
price range: $449K to $600K

Background . . . .

I recently purchased a single family home for $403K (June 2004) in which I currently live. So there is not much equity yet. I am itching to purchase another property for investment purposes and have been seeing these opportunities pop up. There has to be a way that I can obtain some type of financing to make this happen.

Any suggestions? :-x

Comments(5)

  • InActive_Account7th March, 2005

    Um... If you are strapped for cash, you should probably try and acquire a property subject to its existing mortgage.

    If you linger here long enough you will find out every thing that you need to know about the niche.

  • trinijah17th March, 2005

    Hey ....you could work as a briddog and collect a fee for your services in the mean time.......


    trinijah1

  • ryand14th March, 2005

    Yes, go to the bird dog forum and read until your eyes fall out

  • ryand10th March, 2005

    you have the assignment signed an notarized and you send it to the closing attorney. If they dont pay you, you lien the property

  • FAMU14th March, 2005

    Thanks. Very helpful information.

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