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Old 01-30-2006, 11:09 AM
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Talking No Money Down - Turn Key Rentals

Turn Key Rentals with No Money Down

Program #1
Jackson, MS has some of the lowest priced real estate in the country. And the values are going up! Buy up to 12 properties with no money down. To qualify, you’ll need credit scores in the 700’s and be able to show cash reserves of around $50,000. ( Like 401k’s, IRA’s. mutual funds, etc. ). The properties are sold to you at 80% of appraised value with the seller paying all closing costs. These are perfect for out of state investors because the local Property Management Company sends you the checks every month. Values will range from $65,000 to $90,000. These are ideal as long term rental holdings.

Program #2
Atlanta, GA. Similar to the above program but a little easier to qualify. You’ll need credit scores in the mid 600’s and cash reserves of around $15,000 to $25,000 to qualify. The other main difference with this program is that we place “Lease Option” candidates in these properties. Typically they can afford higher rents, and the intent is that they will buy the home in 12 to 18 months at the appraised value. With average values at $125,000 to $195,000, that comes out to a profit of $25,000 to $39,000 in additional to your positive cashflow. They work hand in hand with our mortgage sources to repair their credit and get them in a position to buy ASAP. These properties are ideal as short term rental holdings with a nice profit at around the 18 month mark.

Referral Fees offerd for qualified Investors.

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