OfflineI am new to investing and learning all the methods and options and I am still a bit fuzzy on some things...one thing that came up today was:
In the instance of an IEE with traditional financing like a bank that requires the property to be owned by the previous owner (me) for 90 days, what is the best no money down method to use?? I was trying to brainstorm and though of seller-financing with the original seller or hard money...am I way off? or is there an simpler/easier way to do this?
Thanks a bunch!
Kelly
__________________
Welcome to the DG website. I believe you are on the right track. Try several other local banks and see if they have the 90 day "seasoning" requirement. You may find a hungry local bank that may work with you.
Seller financing, hard money lenders, private lenders or even a cash partner could work, as well. Try a few different startegies and see which ones may work best for you and your area. You could also consider finding a few good deals and do assignments to build up some cash. The better the deal the more options you will have available. Good luck with real estate investing. Believe and Achieve!
- Joe
YOU TUBE CHANNEL - Follow me on my You Tube Channel at Joe Jurek Real Estate Investing Adventures
https://www.youtube.com/channel/UCiko62V79zLKX_owbirAYNA
TWITTER - Follow me on Twitter at Joe Jurek CPA
Joe Jurek CPA
https://twitter.com/JoeJurekCPA
thank you joe! i really appreciate that advice
kelly