I just recently purchased Dean's BARM book and I am trying to get in the game. I had my realtor find some properties that were in an area that was renting well. I found a few and started talking with lenders, etc. about financing. All are telling me that there's is NO CHANCE of getting a loan without at least 20% down.
I have very little of my own money to put down. I have considered HMLs, however I have also been informed that refinancing an investment home is also going to be tough. I don't have the option to make it my primary residence. I am willing to work on Assignments but even other posts on this site have mentioned that foreclosures and REOs have limitations on when you can refinance, etc.
Since I am new to this, I don't know of a lot of resources and options available. Any advice I could get would be greatly apprecaited!
Discouraged but Determined!