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Updated almost 8 years ago on . Most recent reply
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Has anyone thought about this? Or is it illegal?
I had a thought reading a different forum post.
Let's say there is a great deal with a price of 100K
Your bank wants 20% down = 20K
Let's say you only have $4,000.
Can you go to a second lender lender for the 20K and they want 20% down = 4K and do it that way?
The way I look at it, even though it is extremely impractical, in theory you could take out a $1,000,000 with $1,000 in pocket by daisy chaining loans.
Someone lend some insight and reason to my crazy ideas :-)
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Jay Hinrichs
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@William Brown your a little late on space travel.. that's already being done..
real Estate is about capital.... then deals.. need to focus on capital first then deals. I think personally its as simple as that.
- Jay Hinrichs
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