All Forum Posts by: Mike N.

Tod, Thank you for your quick responce. I have just started reading about it and I think that is the way to go. Thank you again.

I am a looking into purchasing my first investment property. The only other house I have bought is the home I am living in now. I am looking for a strategy for 100% financing on a property that I am intending to rent out. I cannot use my home’s equity because I bought it at the peak of the market and now it’s upside down. I cannot even rent it out because the payments exceed any rental income. My credit score is at the low to mid 700’s. I don’t want to kill any positive cash flow from the property by getting a high interest, hard money loan if I can help it. I do intend to keep this property. I liked the customer financing but the length of the loan was short. This would also eat away the positive cash flow from the rental. I have never done these types of loans so maybe I am just not seeing it right. Does anyone have any suggestions?

Hello my name is Mike, and I’m just starting out in real estate. I am still in the learning stages. This forum is great and just what I need. I will appreciate any help or correction you guys will give.