This is less than what I'm willing to accept normally, but the owner has indicated he would do a "no money down" deal with 2 year option, and a sale price of $56,000.

I am in the process of putting together a deal with a newbie community owner who is giving up because he didn't realize he needed a dealer's license and relationships with manufacturers to fill a community, let alone a sales force and a captive finance company.

The subject property is a homepath single family ranch style property with 3 bedrooms, 2 bathrooms and a basement with 1344 sq.ft listed at $195k.

Welcome aboard and BP has a lot to offer and a great place to share your knowledge.

to a part of the basement that was locked, and lo and behold, we found an extra 2 bedrooms and a full bath, and a kitchen; presumably an illegal apartment.

The client would need 10% down, 2 years experience in the industry, and a credit score of at least 650.

I wear sweatpants and a t-shirt pretty much every day of my life, could care less about driving a fancy car.

The rate which you finance the loan is based on your credit and a host of other things they look at debt/income ratios etc.

Back then, you could take the check ed Mcman sent for$ 6,000,000  to a lender,  have no job and a 500 credit score  and get about a million,  albeit,  at 10%.  

With no monthly payments, interest and loan balance due at six month or pay just interest and a fee to start another six month loan. 6% interest rate I think