If so and you have a LOT of equity in it, you could take a LITTLE BIT out to get started.You could also ask the seller to carry a portion of the sale price, then that could cut your down payment in half.

The review site I found on [LINKS REMOVED] If anyone who has actually bought a property with one of her brokers or any other broker who allows the seller to carry 20% on the carry back reads this please post your contact information.

Again, these guys come in and buy your house for less than its worth with a loan that is normally secured with their entire life savings and reputation, normally put tens of thousands of dollars in repairs into it that the homeowner can't afford to do, and then carry it for months to resell it for a profit.

Or if they'll only do say up to 90% then you just get the seller to carry a 10% second.

Originally posted by "ericsupreme":once i got outside i beat myself up pretty bad(mentally of course)I just had a mental picture of Jim Carry beating himself up in the bathroom in Liar, Liar...Lighten up, whatever happens - happens to the best!

You just ask the vendor if they'll carry a second at like 15% interest.

I consistently carry 10% to 20% of my inventory in a "Pre-Marketing" status which only means the lender has not yet figured out how much they'll take for the asset.

I mean I justt told my partner that we have to figure in carrying costs.

Do expect some issues related to paying off any existing financing, new financing so new closing costs, carry costs during a build phase, etc.

This means always carrying offer/contracts with you.Be ready to buy.