down payment: $50K Equity for $5K - Residential Investments - 10/18/07 05:14 PM
If you are one the few individuals that still have a 700+ credit score you can buy your next investment property for $5,000 down. The program is setup so the investor is buying the property at a 20% discount without having to come up with a 10% - 20% down payment. Depending on the property you are potentially getting $25K-$50K instant equity. For $5,000 The investor is put on title and then turns around and refinances the property into their name.
All the properties are purchased as REO's and then are rehabbed prior to the sale at a 20% discount of market … (2 comments)

 

Mathew Curtner

Maricopa, AZ

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J. Roberts & Company

Office: (480) 948-6464

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