Asked by Max Chimirri, 11757 • Thu Sep 18, 2008
I just put an offer on a Duplex property Bank Owned in FL , Lost it due to someone offering all cash my offer was 25% down and a mortgage , I have the cash but its tied up in the stock market and I don't want to sell stock when the market is down if I don't have to . I am very serious about purchasing a property that I can rent out for a positive cash flow but I don't want to keep losing out on good deals because someones coming in with all cash, I will have no problem getting a mortgage (My fico score is 810 ) . What is my best approach to buying Bank Owned, Does anyone have experience on getting deals accepted that is not all cash ? Do I find Investors ? If so how would i structure it being that I am not flipping but renting them Long Term. Any advise would be appreciated ? and if anyone has rental property they are looking to sell let me know. Thanks Max
Real Estate in Lindenhurst
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