WOUld You Do This No Money Down Deal?

Comments(11)

• 
  verbatim24th March, 2004

  kj, did you go the section 8 route or another way?
  
  and what ltv did you get them at from the wholesaler?

• 
  kjzinvestments24th March, 2004

  sound like a tasty deal....I recently purchased 3 no money down deals from a wholesaler in the Baltimore market. I would say go for it.....one caution with sec. 8. You must pass there inspection. Sometime they can be really tight almost to tight at times. However the money is guaranteed to be in the mail box on the first. Getting in the system is a BEAR....once your in your good to go.

• 
  Sandbahr24th March, 2004

  How to you know the value? Appraisal? Market analysis, etc? Hopefully not based on what someone said.

• 
  verbatim24th March, 2004

  market analysis.

• 
  InActive_Account24th March, 2004

  Verb
  
  Is this a private sale or through the same Realtor that provided the market analysis?
  
  Please dont think I am a cynic, as this is a valid question.
  
  JohnNH

• 
  verbatim24th March, 2004

  i did the analysis after speaking ith the owner

• 
  samedwin26th March, 2004

  I guess my questions is, where is the hangup?

• 
  JohnCl26th March, 2004

  How is the "no money down" portion of this agreement going to work? SubTo? AFD? L/O? Wraparound?
  
  JohnCl

• 
  verbatim26th March, 2004

  No hangup, just asking.
  
  it would be sub2.

• 
  loon26th March, 2004

  If it's old and tired or rents aren't esp. high, your expenses could eat up your margin. Before you leap, you might want to look deeper, see what's new, and what will need replacing soon. And of course assure good title.

• 
  mykle26th March, 2004

  what is the cash flow?
  
  mykle