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Updated over 8 years ago on . Most recent reply

Neil K.'s profile image
Neil K.'s profile image
Neil K.
  • from Greensboro, North Carolina
  • Member since Dec 2, 2016
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Neil K.'s profile image
Neil K.'s profile image
Neil K.
  • from Greensboro, North Carolina
  • Member since Dec 2, 2016
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Neil K.
  • Greensboro, NC
0
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Creative Real Estate Financing

Finance options for college student? Great Deal.

Neil K.
  • Greensboro, NC
Posted

Hi All,

I located a great REO deal that I would like to purchase and rent out, however, being a college student, getting a mortgage is pretty much out of the question.

What are my other options for financing?

The property would go for around 35k, and could easily rent for 750 with no capital expenditures.  I would also personally manage.

I could scrape together around 5k by liquidating some gold/silver, but wondering how I might make up the rest?  Any suggestions?

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Brandon L.'s profile image
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Brandon L.
  • Real Estate Agent
  • from Falls Church
  • Member since May 15, 2012
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Brandon L.'s profile image
Brandon L.'s profile image
Brandon L.
  • Real Estate Agent
  • from Falls Church
  • Member since May 15, 2012
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Brandon L.
  • Real Estate Agent
  • Falls Church
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Brandon L.
  • Real Estate Agent
  • Falls Church
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@Neil K. what obstacles do you feel are keeping you from getting a mortgage?

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