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Updated over 8 years ago on . Most recent reply

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George Genovezos
  • Bedford, TX
24
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79
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Funding for forclosures

George Genovezos
  • Bedford, TX
Posted

Hi all,

I'm interested in starting investing in real estate but I'm the DFW area, and the market is WAY too hot.

In the mean time, I'm preparing for the market to come down, and foreclosures to come back.

So my question is how do I approach a bank to finance my future deals?

Am I asking for a mortgage? credit line?

When should I approach them?

What is the loan to value I should expect?

What kind of a lender am I looking for?

Any advice for a first time investor?

Thanks, I appreciate any help.

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,004
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42,764
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

you maybe waiting a very long time for that scenario to play out..

foreclosrues are a cash and carry business in most state.. I think Texas is that way.

If your talking Sherriff sales IE real courthouse steps foreclosures.

need to find a team of cash investors who want to play with you.. VERY cash intensive

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JLH Capital Partners

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