🚀 go-pugleaf

If your objective is minimum down, foreclosures are not the answer.  The
reasons are: (1) the current owner is probably at least 6 months behind on
payments, (2) the property is probably upside down or the owner would
have been able to sell it at fair market value, and (3) to obtain absentee
owner financing requires a minimum of 10% down and allows a maximum of an
80% loan.  If you are looking to invest less than 10% down, look for a 
fixer-upper and apply for an FHA 203-k loan which allows you to borrow
110% of the fixed up value.  If you need help finding a real estate agent
in your area for this purpose, fill out the form at:
		    http://members.aol.com/glvreg/agent.htm
or e-mail me with your telephone number at: glvreg@cris.com


Kevin Meier wrote:
> I am looking to purchase some property that I can convert into revenue
> property.  I am hoping to find something where I can assume the mortgage
> with little downor a foreclosure.  Does anyone know how you go about
> finding foreclosures?  Also, can anyone give me their opinion on revenue
> property.  Good and bad experiences are welcome.

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   Adam Frankel  -Broker/salesman-   
     Realty Executives of Nevada     
         1903 S. Jones Blvd.         
        Las Vegas, NV   89102        
        (702) 873-4500 Office        
       (702) 499-5248 Cellular       
         (702) 341-6861  Fax         
                                     
    http://members.aol.com/glvreg/   
 Greater Las Vegas Real Estate Guide