I HAVE A “TRUST” THAT HAS BOUGHT 300 HOUSES. EACH HOUSE HAS AN OCCUPANT ON A BUY/LEASE AGREEMENT. THE “TRUST” BUYS THESE FROM A FORECLOSURE LIST. WHAT I DON’T HAVE IS A LENDER THAT CAN DO THESE WITH LITTLE OR NO SEASONING…..SELLER PAYS ALL CLOSING COSTS AND USUALLY BORROWER HAD 3-5k PUT DOWN ON THE PROPERTY THEY LEASED WITH OPTION TO BUY AT THE TIME OF CONTRACT WHEN THE PROPERTY DIDN’T GO INTO FORECLOSURE. ALL ARE IN COLORADO…..ONE IS IN WYOMING. NO LICENSE IS NEEDED IN COLORADO AS A BROKER.
Trusts
Posted by in need a lender
Comments Off
|