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Updated 3 months ago on . Most recent reply

User Stats

55
Posts
31
Votes
Mickey Petersen
  • Investor
  • Long Beach, CA
31
Votes |
55
Posts

Wisconsin No Money Down

Mickey Petersen
  • Investor
  • Long Beach, CA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $150,000
Cash invested: $1,500

A month ago my banker (who's is also also an agent) from my home town where I have other properties called me and asked if I wanted to buy this house. The previous buyer fell out of escrow and he was hoping I could do a quick purchase to get it off his books. I told him I was in escrow on other properties and I didn't want to start this and mess up the underwriting for the other properties. His solution was to wrap this loan straight into a loan I already had with him.

What made you interested in investing in this type of deal?

It was my uncles house. He is getting old and he needed to move.

  • Mickey Petersen
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