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Updated almost 13 years ago on . Most recent reply
How to get first mobile home park using creative financing?
I'm trying to get my first commercial property with no money down.I've heard about creative financing,but i don't even have money for proof of funds letter.Is there another way?The owner is willing to hold a private second mortgage through a buyers repair credit.
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Don Konipol
#1 Innovative Strategies Contributor
Lender
Pro Member
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
Lender
Pro Member
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
Being able to put together a nothing down purchase on any worthwhile property requires either great credit and access to borrowed money or vast experience and successful track record in investment real estate. I'm afraid that hopeing to do a $2 million purchase with no money and little experience will not produce a happy ending.
- Don Konipol
Private Mortgage Financing Partners, LLC