Property Insurance
One of my investment property in New Jersey needs insurance. The current policy is expiring in February 2005, and I want a competitive insurance company that will replace the old policy. The current insurance is very expensive. Please let me know. :-?
These type of questions are locale specific, call around in your area and get prices.
[addsig]
Thanks.
Check your local REIA group for Agents that understand the REI business...
Overlooked your question and what your asking is considered in the residential finance world is a "gift" from the seller. Heres an example. I have gotten an approval from a bank for an investor to purchase. 3.8 million in income producing property. Now the buyer is purchasing the property at 60 LTV, meaning hes purchasing the property that is income producing with alot of equity. The bank said they will finance the deal with 10% as a down payment, or the seller could increase the purchase price by 10% as gift funds , where the buyer is only paying for closing costs. - Basically its possible from my stand point only if theres decent credit and a seller to work with you, along with equity. - On once this deal is closed, he could only put out $120k in closing cost, generate over 35k in positive cash flow, and have a net worth of over 3 million. Kepp the faith, and youll get there. !!!!!! Good Luck !!!
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http://www.horizonequityhomes.com - buy with equity today.
[ Edited by fredman226 on Date 01/26/2005 ]