I found a good profitable cash flow that will be coming in each month after all the monthly expenses paid for and bring home about $4,500. That is not bad !! The question is that how can I do this ? I do have another partner that will help me but he and I have very good credits and he has a nice home but he lost his good job and still paying his mortgage with his new job that pays less. So with the mortgage company said they cant give out another loan to him because he makes less to pay his mortgage. With me I lost my high paying job too but I am doing piece work with jobs to get paid but it doesnt show regular income like my old job did.
How can I get a loan or he can ? I know there is a way to do it and I need to explain this to my friend how to do this so we can start the process on this asap. We dont have any money to put down payment on it. The owners moved out of state and they are very MOTIVATED to sell the property ASAP. PLease help me and give me some good advice ! Thanks for your help.
Paul T. La Moy