Basically I'm currently looking at a few properties (some need remodeling & some need minor repairs). My initial intentions were to try Lease Options and/or Assignments, but even though my credit is far in the ground, I wanted to know if I could grab a loan, especially since according to zillow.com the mortgage would be under $100/month for most properties I'm looking at.
Basically...the main house I'm looking at is listed for $15,000. It's estimated value is $65,000. So how would the LTV work in this situation or would I even qualify!? Especially since I really don't have any money & there will be some repair costs!
Basically I'm currently looking at a few properties (some need remodeling & some need minor repairs). My initial intentions were to try Lease Options and/or Assignments, but even though my credit is far in the ground, I wanted to know if I could grab a loan, especially since according to zillow.com the mortgage would be under $100/month for most properties I'm looking at.
Basically...the main house I'm looking at is listed for $15,000. It's estimated value is $65,000. So how would the LTV work in this situation or would I even qualify!? Especially since I really don't have any money & there will be some repair costs!
Thanks in advance!
Darryl Thomas
ASUEInvestments