itsjustanemail com - you can feel free to send them to my site, itsjustanemail com - it's just an email - we'll get back to him. No need to make things more complicated than they have to be, just shoot us an email and we'll answer your questions.
Ray- I know plenty of Realtors who understood how to cash flow a property 2 years ago. Now, they're sub poverty.
Since that's become the case, the mortgage companies and the government have made it harder to get a loan. Some nbhds in Mpls are requiring you to put 20% down. You won't get a duplex in MN without decent credit and some downpayment.
I refer questions like yours to a good lender to see what they say. I'll do that for you.
How would a guy (such as myself) being a first time home buyer with poverty level income, go about buying a duplex for the sole purpose of renting out for positive cash flow???
The one I'm looking at is in an amazing neighborhood and would rent instantly. My payment would be $750, but I could rent 2 units @ $600 each, for a positive cash flow of $450 every month.
As said, I'm sub poverty. Are there any banks or programs to insure I could make this investment??
itsjustanemail com - you can feel free to send them to my site, itsjustanemail com - it's just an email - we'll get back to him. No need to make things more complicated than they have to be, just shoot us an email and we'll answer your questions.
itsjustanemail 10 months ago
itsjustanemail com
itsjustanemail 10 months ago
Map based search is an awesome way to find a home. Thanks for providing it to Minneapolis home buyers for free!
FirstHomeGuy 3 years ago
Ray- I know plenty of Realtors who understood how to cash flow a property 2 years ago. Now, they're sub poverty.
Since that's become the case, the mortgage companies and the government have made it harder to get a loan. Some nbhds in Mpls are requiring you to put 20% down. You won't get a duplex in MN without decent credit and some downpayment.
I refer questions like yours to a good lender to see what they say. I'll do that for you.
CityOfWaters 4 years ago
How would a guy (such as myself) being a first time home buyer with poverty level income, go about buying a duplex for the sole purpose of renting out for positive cash flow???
The one I'm looking at is in an amazing neighborhood and would rent instantly. My payment would be $750, but I could rent 2 units @ $600 each, for a positive cash flow of $450 every month.
As said, I'm sub poverty. Are there any banks or programs to insure I could make this investment??
rayofminneapolis 4 years ago