0 down loan with a fica around 615

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Posted by al on July 14, 2008 at 22:16:11:
I found a townhouse in the northern burbs of Il. Selling price is around $198K. The seller is very motivated and is even open to lease option the property out for $1300/month. I'm trying to figure out how to structure this deal. I was either thinking of doing a sandwich lease, land contract, rent it out myself and then sell my option when the market picks up or even try to get a loan and avoid the whole rental/lease issues. Rents in the area are around $1500K. Typical townhome price would be in around $215K.
Any advice would be greatly appreciated, thanks.
Al

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Re: Whereā€™s the Beefā€¦. Ed Garcia 10:27:33 07/16/08 (0)

Numbers are a bit thin Rich-CA 18:23:13 07/15/08 (0)

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