Good Credit Is King, When Qualifying For Mortgage Programs

Good Credit Is King, When Qualifying For Mortgage Programs

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Have you ever seen those infomercials about buying houses with "No Money Down?" They are really well done. They have several people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely cash out of their drawer. You see this guy, standing on a street corner, talking to someone, and he says, "I own that one," pointing to a beautiful colonial. "I also own that one next to it, and the one two doors down, and We will be closing on the one directly across the street from it, next time." He then assures us that he has purchased 17 homes in the rest is distributed eight or ten months, with zero money documented on the properties. Plus, in many cases he's also paid no closing costs.

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It didn't take really miss me to achieve that i thought this was no strategy to make profit real real estate. Consequently, I got associated with these houses as fast as I possibly could. There were plenty of buyers, prepared to take over my headaches, because experienced the read this opportunity to make it work, they reckoned.

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