found 100% investor financing but...

[Robert Granara]

not too sure about this but here goes, tell me what you guys think...fees are way too high for my liking, but is there any other way to do zero down investment property?

this is what the company i calling a hybrid loan, part conventional part hard money loan...

round about #'s...purchase bank owned 3 family for $200K...need to appraise out at $310K

75% LTV = $232500...points $18,000 closing costs $5000...walk away w/ around $10,500 for repairs (which it needs more probably $20,000 total)...so actually i'd need to come up with some cash for repair work

i dont mind paying the points but $18K?...isnt this absurd?

forgot to add...the loan would be a 30 yr fixed at around 6.75%