Financing in Longwood : Real Estate Advice

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Ken Anderson, Real Estate Pro in Orlando, FL
Ken Anderson answered:
I would like to buy a business in Florida that cost 600k and I have 70k saved and the business cashflow is 260k
It may be an uphill battle as you are not at the 20% down and I don't know anyone that accepts less for a commercial property. Commercial loans regularly want 30% down.

When you ... more
0 votes Share Flag Fri Apr 22, 2011 Financing in Longwood
Ronald Hill,  in Longwood, FL
Ronald Hill answered:
We have Low Debt and high income but our credit score is around 560... With 20% down payment is it possible to obtain a mortgage?
I am a realtor, I don't quite understand your situation. Low Debt, High Income....bad credit?
Those dont usually go together. Unless you are not paying the low debt and therefor ... more
0 votes Share Flag Wed Dec 2, 2009 Financing in Longwood
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