Re: Wholesale in Springfield, VA: $40K and it's yours!

Re: Wholesale in Springfield, VA: $40K and it's yours!

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 Re: Wholesale in Springfield, VA: $40K and it's yours! The Shadow Reply Send to a Friend   Print
 
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Wholesale in Springfield, VA: $40K and it's yours! info 06-19-2006
"INVESTORS! Put $10K in cosmetic fix up (kitchen, bath, paint, carpet)
and market the property as a rental OR rent-to-own! Get creative...
house is prime for 2-unit living! Suggested strategy: Get an MTA loan,
rent the upstairs for $1800 and the downstairs for $1100, and sell it
in 18-24 months!"


That is 2900 in income, but the mortgage you say is 3400 a month, that
is negative cashflow. That doesn't sound good to me...


other useful resources:
Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
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