Ok Krew this makes for a little more patience,a little more knowledge,but a massive rewarding victory. Find a good deal using the resources and links provided through www.kykrew.com and take it to your bank, my advice would be take the time out and set up a meeting with a bank or four.
Yes they all provide you with a loan may but some more costly than others and having a
approval letter and knowing your limit is a must. The more money you can
have working for you the better, but please always do you due diligence, homework inspection, title
report, appraisal, crime rate etc it will save you thousands and unwanted
situations.
Ok KREW here we grab a pen and paper.
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You find a home for $60,000.
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You estimate $20,000 in repairs
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Your bank approves you for the loan contingent on appraisal with 20% down.
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Your appraiser says your property will be worth $130,000 after repairs.
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You been the smart investor knowing you can get a fast sale for $115,000.
The same deal 3 months holding costs realtor fees net about $27,000.
This is the key to remember is the bank loaned you $20,00 for repairs and $60,000 for purchase you putting 20% down
been $16,000 and made $27,000 in 3 months now do 4 of those in 1 year only having $16,000 in play,
each time you would make over $100,000 in 1 year.
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Now what ever happened to that other $86,000 you have been doing nothing with.
Maybe you should call me or leave a message - info@kykrew.com
Or do you want to play the IRA investment game?
Thank You KY Krew members hope to send you more powerful deals and tools soon .
During the mean time please check out our blog and leave a comment if you wish.
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