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Nza
Joined: 04 Sep 2008
Posts: 1
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| Posted: Thu Sep 04, 2008 11:15 pm Post subject: Need a Lender |
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Hey Guys,
As you all know Florida has taken a huge hit in the real estate market, and i'm looking to buy a few properties and stick some tenants in their until the market comes good again and sell the properties.
Property Value: $75k (probably can get it for $65k imo)
# of Properties: 7 (there all in the same neighbourhood right next to each other)
Loan: Preferably "No Money Down" or the lowest i could possibly get away with
FICO: 737 (Excellent score, but since i am only 23 i don't really have a long term history - car payment and 2 credit cards)
Income: $3000 a month
Expenses: Live @ home and pay $49.95 bright house bill..lol..oh and my car payment which is $299. I probably save about 2000 each month w/o any problems really...
My Plan:
$65k Mortgage Over 30 years = $190...how much should i expect on top of this amount for taxes/insurance?
I figured i would put a tenant in there @ $550 a month and just drag the property along until the market comes good. I know for a fact these same units were going for $170k before the subprime fiasco...
Give me your thoughts, comments, etc etc will i be able to get a potential $500k loan with my income ....I'm a rookie in this game so the more info i can get from you guys the better...
Thanks
Nza |
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mbrooks17
Joined: 16 Sep 2008
Posts: 5
Location: SC
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| Posted: Tue Sep 16, 2008 4:04 pm Post subject: |
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Have you found anything yet? If not shoot me an email at michael.brooks@greenplanetmortgage.com
I am a direct lender. |
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thriftyfinanciers
Joined: 18 Oct 2008
Posts: 12
Location: london
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| Posted: Sat Oct 18, 2008 10:24 am Post subject: financing at best rates |
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| Thrifty loans Inc. can grant you financing at the best rates available. Send full details of the deal to the email address at thriftyfinanciers@yahoo.com |
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