Solution: We will buy the house and take a loan on our name for the benefit of the Buyer.
Here is a case that we are solving this days in California:
The seller:
He is a Builder that have in inventory a brand new single family house
Value: $960,000
The Buyer:
He own 2 business, he is ready with money down for 20% + closing cost, his gross income is $600,000 a year.
BUT... He can NOT qualify for a loan.
We are buying the house from the seller at discount and we will get the loan on our name for the benefit of the buyer.
Basically we are acting as a glue between the seller and the buyer.
The Broker:
In this particular case will make in CASH at the closing $52,800.00
I am sure You can do the same!!!!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved