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Updated almost 10 years ago, 02/10/2015

User Stats

49
Posts
11
Votes
Scott Freer
  • Investor
  • Philadelphia, PA
11
Votes |
49
Posts

Financing

Scott Freer
  • Investor
  • Philadelphia, PA
Posted

First deal investor here. I have found many REO listings I like but by the time I get to see them all and make an assessment, they are gone. I have an 800 FICO and I have been researching real estate in my area for a decade. I just can't seem to get financing in a timely manner without putting up 30k for a 70k house. There has got to be a better way, conventional is killing me. oh and by the way I own a 500k house and owe 300k on it. I have a portfolio worth a least 500k, but why should I risk tens of thousands of dollars of my own money. someone talk me off the ledge please I have yet another offer in on a house pending.

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