Quote:
Originally Posted by qxm
no money down is always possible...the current real estate situation presents a favorable market for savvy investors that's fo sho......... I've seen several people getting on IOs and Negams for a month or two then turning around and selling the property for a nice profit.........It'll be interesting to see what kind of loan programs will survive this sub-prime correction though..... I guess No-Doc is out of the question, it'll mostly be stated however those who can prove their income hence go stated will have some nice opportunity once the market starts to come back up.........which I hope it'd be sooner rather than later....
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Or like as an example if I desired I could use current equity and purchase several new or one family lived in but in foreclosure houses right this moment and if I shop around enough find a few that would be profitable as rental units if I refinanced then to a fixed.