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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.
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itsjustanemail com
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Map based search is an awesome way to find a home. Thanks for providing it to Minneapolis home buyers for free!
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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??
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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