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Updated almost 2 years ago on . Most recent reply
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How do I acquire a loan for 25k to 35k
Hello all
I saw a few properties in Detroit Michigan for 25k to 35k. How can I acquire creative finances for those properties. Please advise
Thanks
Deo
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Quote from @Deodat Ramdat:
Hello all
I saw a few properties in Detroit Michigan for 25k to 35k. How can I acquire creative finances for those properties. Please advise
Thanks
Deo
Deo, PLEASE do not buy these properties.
I am the BP resident expert on Detroit. I own 12-doors there and live in California now. I'll be in Detroit from April 26-29th if anyone wants to hang out.
These properties have a high probability of ruining you. Also, nobody is financing them. Nobody. You need to have a house value of at least $67k to get conventional loans right now.