I would love some advise on the best route for me to take on some brand new homes.They were built in 2007.1400sqft/4bd/2ba.Recently selling for $120,000 and just dropped to $85,000.The payment on the home would be very low and the bank will take zero down and do lease options.I was told that putting some renters in there would be great cash flow.The area is growing and defenitly has potential to keep growing.Lots of passing traffic through the town,because of the 2 city's between it.I'm running some ghost ads to see if I get any renters to bite on it.
I'm trying hard to get my first deal and have been trying to get an assignment done to pay down my credit cards,but I know this is a great opportunity to get some positive cash flow for myself.I just need advise on structuring a good deal that won't affect me if I can't keep renters in the home.
Any thoughts would be great and also help other newbie's see the creative way's you guy's come up with.
DGFAM IS AWESOME
San Diego, CA.
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