Posted by: theDavid ®
01/30/2006, 20:02:32
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Ok...I am angry...angry at one person...MYSELF...I have seen in the past month, not one but TWO opportunities slip though my fingers, well, actually they couldn't slip through since I was sitting on my hands on both of them, and to be honest I'm upset. Venting aside, it all comes down to this: I knew that there were deals to be had in both of the cases but it was fear and apprehension that held me back. Fear, well that is easy to deal with, but the apprehension, ironically is harder. Long story short: I'm strapped for cash. I don't have much to invest in real estate, ONE DAY I WILL, but unfortunately that is not today. MY QUESTION IS THIS: Without money, or enough credit to put for a substantial mortgage, how could I have tied up the property with NOTHING DOWN. I have read tons of books, but I'm pretty sure that they are only relevant to the US. So can someone tell me how I can tie up properties with No, or as ABSOLUTELY MINIMAL money down. Can someone talk about assignment of contracts? or earnest money deposits? as well as any other ideas because my A$$ hurts from sitting on the fence because of this money issue. Thanks! theDavid.
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