Ok Guys ,
I've been alot of talk but had my heart broke tonight, for the last couple of weeks I have been really happy because I have been taking the steps to freedom. Tonight I just had to secure the financing and I would have had deal one. Talk to my property manager down there everything is good to go.
I called a broker tonight to learn it is almost impossible to get a loan for under 50k on an investment property. Deal Dead?
condo 2bds 2baths pool in good neighborhood
built in 1984
mort @ 5% 24,000: 135
reapir fund(just in case):105
Income after:$125 a month
I could buy it in cash but I do not want to lock all my money up. Any advice or is it just time to fold?