I need your financial assistance. I currently live in the South Shore area of Massachusetts, where there is still a lot of great deals around (Lots of meat on the bones in the area). I'm looking to purchase an REO for myself because I'm tired of paying high rent.This is disabling me from flipping full time. We have a great contractor’s network. Here is the info:
* REO Property
* Fixer
* 4/2
* 1,500 sq ft or Bigger
* Purchase price: Under 150K all CASH, "as is"
* Approx (ARV) of: 265K, "as is"
Here is my situation:
* Low credit score due past. I do not qualify for a Conventional Mortgage.
* First Time Homebuyer.
* Do not have money for a down payment.
Since I need to be creative, I figure I need a REO Realtor to work with me now and in the future (double dipping) and also investors can assist me with Private funds or Hard Money. Please let me know your terms and conditions.After total rehab I can get Conventional Mortgage. This property is for me to live in as my primary r