2007-05-21 07:42:16 · 19 answers · asked by rentingends 1 in Business & Finance ➔ Renting & Real Estate
Find a partner with cash or credit.
Find a "Hard Money" lender.
2007-05-21 08:14:26 · answer #1 · answered by PersonalFreedom 4 · 1⤊ 0⤋
If you don't have $27,000 and you don't have credit, then you probably can't, at least, not without taking on an outrageously high interest rate, which would pretty much cancel out such a good price on a property. You are best off skipping it for a few years and working at building up your credit, THEN buying property.
2007-05-21 14:50:27 · answer #2 · answered by Mr. Taco 7 · 0⤊ 0⤋
You can go to a, "Hard Money" lender, but you need to know what you are doing or you may be the next one if foreclosure. It is a good way to make money, but take the time to really learn about what you are doing and how the foreclosure laws in your state will work for or against you.
2007-05-21 14:51:33 · answer #3 · answered by wscarpelli@sbcglobal.net 4 · 0⤊ 0⤋
I heard there is some company like Prospect or so where you can bid for a loan. If the lender likes your bid you get the loan. And this company doesnt check the credit history etc. I am not sure of more details. You have to search by yourself.
2007-05-21 14:53:51 · answer #4 · answered by GreatCricketFan 2 · 0⤊ 0⤋
Borrow from relatives?
But I would be more concerned with why you have no credit and no cash? You don't sound like a good financial risk to me and I certainly wouldn't lend you the money.
2007-05-21 14:44:57 · answer #5 · answered by kja63 7 · 0⤊ 0⤋
Do you have the income to pay a mortgage? Contact lending institutions for a mortgage. If you are a renter, you are giving money away.
2007-05-21 15:18:52 · answer #6 · answered by Nada 2 · 0⤊ 0⤋
well you can always go to your local "Ghetto" find the guy with all the Cadillacs, and ask him for a nice loan....he might say yes, he might say NO....depends on you how you are,, wats your style, are you worth it? becuse i can tell u this...no credit union, bank or because you have no credit...on the streets your assests and life can be your Encumbrence....but if you succeed making this risk, it can be really well rewarding<>>>.i dont know take your chances...wat the hell who cares>@!
2007-05-21 14:47:07 · answer #7 · answered by CadiLLAc RiCk 3 · 0⤊ 0⤋
Having no credit is better than bad credit. Apply to a morgage company they will work with you to help you get a mortgage.
2007-05-21 14:50:28 · answer #8 · answered by elaeblue 7 · 0⤊ 0⤋
Watch infomercials until 4 in the morning.
2007-05-21 14:44:36 · answer #9 · answered by James C 2 · 0⤊ 1⤋
Get a good lender.
Have money for the downpayment.
2007-05-21 14:43:52 · answer #10 · answered by Anonymous · 0⤊ 0⤋