Other Peoples Money

I want to get started buying investment property, but I need money. I have been pre approved for 80K and I have an existing mortgage in Texas. I have a personal line of credit and want to use it for purchasing the property... can I? How do i use other peoples money? Are there any programs out there where you can purchase a property as an investor and do 100% financing? I need help.

Comments(11)

  • Ichabod4th June, 2006

    Dang!

    226?!

    Awesome.

    What were the majority type of deals?

    [addsig]

  • IBuyHousesInc4th June, 2006

    Ones that made money....

    Sorry I have a bad sense of humor and some would say none at all.

    I am a sub to equity buyer... If that is even a type of investor....

    Good Luck

  • mcole7th June, 2006

    A sub-to equity buyer. Hmmm...where might someone learn more about that?

    : )

    Quote:
    I am a sub to equity buyer... If that is even a type of investor....

  • jimbo8588th August, 2006

    yes, please do...

    PUH-LEASE!!!!!!

  • jimbo8588th August, 2006

    sorry for the double post....[ Edited by jimbo858 on Date 08/09/2006 ]

  • InActive_Account12th August, 2006

    Hello:

    I am also interested in purchasing homes for investment purpose. I would like to know more, on how to purchase without using my personal credit.

    Thanks

  • Eric516th February, 2006

    I know for a fact you cannot say "guaranteed 10%" interest or something along those lines because licensing and the way securities are looked at.

  • Eric516th February, 2006

    A banker called the sec on a investor buddy of mine and he got a full investigation. Luckily his books were good and he was only doing one investor per property. He still had to hire a lawyer to fight it off.[ Edited by Eric5 on Date 02/16/2006 ]

  • mtnwizard26th June, 2006

    Terry,

    Spamming your ad across multiple threads is really dumb.

    Da Wiz

  • charlotteinvestor29th June, 2006

    You can advertise, for private investors, check with an attorney.

    You can also use more than one investor for a property as long as you give them each a separate deed of trust for their loan.

  • D_Hernandez28th August, 2006

    You not only have to worry about the SEC but typically, you have to be concerned more about your state Department of Securities.

Add Comment

Login To Comment