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Updated almost 16 years ago on . Most recent reply

RAY BROGDEN's profile image
RAY BROGDEN's profile image
RAY BROGDEN
  • Architect
  • from CAMDEN, New Jersey
  • Member since Aug 12, 2008
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59
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RAY BROGDEN's profile image
RAY BROGDEN's profile image
RAY BROGDEN
  • Architect
  • from CAMDEN, New Jersey
  • Member since Aug 12, 2008
Connect
RAY BROGDEN
  • Architect
  • CAMDEN, NJ
8
Votes |
59
Posts
Real Estate Deal Analysis & Advice

Need financing for a 35K house

RAY BROGDEN
  • Architect
  • CAMDEN, NJ
Posted

I would like to buy house for 35K that has a renter in the property for 650 a month. I will be wholesaling it out but I want to work on the plan G if i get stuck buying the property. I was wondering as of right now i can qualify for conventional mortgage, how can i buy this property without partners or OPM b/c i would be up against the wall and no one would buy it from me at a wholesale price.

I hear getting a mortgage less than 50K is very difficult. Is this true? Anyone have any thoughts?

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