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    8 Replies Latest reply on May 29, 2010 1:20 PM by AAAHomestead

    Looking for Financing for Realestate purchases

    JasonS Newbie

      I am looking for Private Finaincing for some Realestate purchases. There are some very good deals in my area right now and I would love to try and take advantage of them but getting a conventional mortgage for investment property right now is tough not to mention that you need 20% down. I have some of my own cash but I am in the mortgage business and things are a bit slow right now so I am reluctant to part with the cash that I do have. I am mainly looking at newer condos that have been built or converted in the last 3-5 years that are now in foreclosure - There are a handful like this in my area that can be purchasd for 50% of the market value (the banks are just looking to dump them). The fact that they are recently converted means that they are new and the maintenance is minimal and monthly association fee will be very low. they are also in areas where rental income will be good so cashflow will NOT be an issue. If anyone is interested please reply to this post or email me.