All Forum Posts by: Stephen Jackson

@Lucus Miles, this is great advice thank you.

I think I'll have to go in as a partner or with seller financing. These are two great options that I'll have to start working on right away. I greatly appreciate your time and effort to help me on my question.

A little more information surrounding the deal. It is a single family house and the rooms are being rented. As for cash flow, even with a six point mortgage and a six point 5 year loan, the cash flow would still be over 6k a year, if i hire a management and maintenance company, and the house was renovated in 2013. I still haven't seen the property yet, but from the photos, it looks pretty good. From a business perspective, I wont take profit from the property until I have a minimum of 6 months in cash reserves. Then additional capital beyond that will go towards buying additional property.

Hi Guys,

Finally trying my hardest to get a property that I can hold and make some money on. Here's the question I have and I cannot find the answer anywhere. I found a property that is netting some pretty good returns, even with a property manager and maintenance already worked into the net operating expenses. I dont have very much of my own capital to put down, so I was thinking what if I was able to do 100% LTV? I'm thinking, if I put on the property a 30 year mortgage with 20% down, and that 20% down comes from a private money broker at 6-12% a year for 5 years, the property will still be profitable to the tune of a few thousand a year.

Will banks allow this? Would a private money lender go for a deal like this? I see this as a huge opportunity, especially if I could find and buy a few a year. Is that even a possibility?

Best,

Steve