How to invest in real estate with little money - The loan was for 75% ltv on the property (no after repair value) but the appraiser actually will give the actualy fair market value of the property, now i was buying the house wholesale but on paper it was showing i was buying it for the fair market value, even though the loan was for 75% ltv i actually paid nothing, the trick was that the investor (wholesaler) showed on paper only that he was willing to carry back a 2nd mortgage of the balance of the loan which was 25%. At fair market value but its a fixer upper so its going to be less (sometimes way less if the original owner sold fast), so lets assume wholesaler got it real cheap and will sell it at wholesale price, ok for the sake of arguement lets say he wants to sell it at ,000. Quickly through a few “made for tv movies” (which i’m sure were stellar…) and growing tired of the depressing nature of the cable news networks, i settled upon a reality television show where the star turned an ugly, dilapidated home into a beautiful work of art, complete with furniture and wine. If you go that route you better make sure you do your homework and get some realistic comps to show the lenders, they want to make sure they’re going to get their money plus the interest, that is why they’re in the business that they are in.
Learn How To Invest In Real Estate With Little Money or Experience https://www.tailopez.com/realestatebusiness Simply put.