No Money Down On FHA REO?
I'm trying to aquire my first property (which i plan to hopefully lease option). apprasial value is 45k with a starting bid of 31,500. It has been on the market since march but is an FHA reo. Does anyone know of a way I could purchase with no money down? Do to my age (a whole 20) i have no money nor credit to get financing from a bank (i don't think). any ideas?
Make the numbers look real attractive and find a partner to fund the deal. Hard money lender is another option....with interest only payments.