From: steelvest@hotmail.com (SteelVest)
Newsgroups: alt.invest.real-estate
Subject: Re: Any chance...
Date: 23 Oct 2003 19:35:29 -0700

"Dan G"  wrote in message news:...
> Why ask here? Talk to your lender(s). there's always some B/C money around,
> or owner finance. Or you can do an owner/occupant loan and just don't move
> in.
> 
> 
> "TruBrit"  wrote in message
> news:d1691f6c.0310231318.13c745f8@posting.google.com...
> > Is there any chance of buying a SFH for the purpose of investment only
> > (renting out), with the following situation:
> >
> > FICO 560 (very poor)
> > Cash down 5%
> > Propery cost - $80-$120k
> > Current home owner with a debt to income/ratio of 24%
> >
> > ..any chance?


Try a community federal credit union (FCU).  Look for their ads on
Sunday and
go in an talk to a business lender and tell him/her you story.  They
want loans, act fast, don't charge points, etc.

SteelVest