Money Down and 5 year plan

[Jeff Johnson]

Hey All,

Just a couple questions. Are there still no money down deals to be had? For example I get a house and have an ARV of 30% under appraisal. Am I going to be able to find plans where I put money down to get the rehab financing and when its complete get the 30 year and get that money back as its at 70% of the actual Value or are appraisals pretty much a non-issue now.

And would 50 houses in 5 years be a totally unrealistic goal in today’s market? 70K is the most I will pay including the repair. Rents in the area average 1100 to 1500.

I have probably 30K cash to work with, but I would rather not plunk that down on a couple houses and then have to stop.

Oh, I am in Minnesota if that matters.

Thanks