investments: The 10 step by step approach to buying...get someone else to pay at least 1/2 your mortgage
- 05/20/09 03:56 AM
1) Find a duplex / 2 unit property in decent condition good enough to get an FHA loan. 2) Look at the price points in your area, but make your basis in $100,000.00 increments. 3) You will need $4,000.00 per $100,000.00...so if the property is $100K, you need $4000 for downpayment, $200K, need $8000.00 downpayment. 4) So on a $200K duplex you need $8K down 5) At the end of the year you get $8K back from Uncle Obama. 6) So Uncle Obama just gave you the money for the downpayment...CHI-CHING!! 7) You bought a duplex right? ..with one of the … (0 comments)
1) Find a duplex / 2 unit property in decent condition good enough to get an FHA loan.;)
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