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Updated 29 days ago on .
#4 All Forums Contributor
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Why are Lenders doing No Money Down Mortgages in Birmingham Alabama?
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Do you want to buy a rental property with no money down? Of course you do. Who wouldn't. Thing is, most of the time it's impossible to buy a house without using any of your own money. However, Rent To Retirement has partnered with several lenders who are offering 100% financed mortgages on new construction rental properties in the Birmingham, Alabama real estate market. These properties are located just outside of Birmingham in a high end suburb called Pinson, Alabama. The reason that lenders are able to offer no money down financing on these properties is simple, these properties are very low risk for the lender. If you're trying to buy a high risk rental property like a Section 8 deal in Detroit or Cleveland it's not gonna be possible to do with no money down. But, if you aim for something that is low risk for the lender like a new construction property in a growth market, you'll be able to take advantage of using other people's money to build your real estate portfolio.
Why are Lenders doing No Money Down Mortgages in Birmingham Alabama? | HoltonWiseTV Highlights
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Are you interested in buying a property in Birmingham, Alabama? Take a look at the one from Rent To Retirement below.
Why Birmingham is good for Long Term Buy & Hold | Investment Properties For Sale - 35115 Persimmon
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Like what you see in the video from my buddies at Rent To Retirement?
Want to buy this property? Have additional questions?
You can hit up @Zach Lemaster here on BP, text REI to 33777, or you can reach out to the rest of the Rent To Retirement team on their Website or Socials below.