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directfiesta · 11-24-2012, 05:48 PM

Better have cash on hand ... Banks in the USA are chilly to ''investors '' ...

When I bought my 170K condo in Pompano Beach ( on the intracoastal ) , there had been nine previous offers ( 200K to 240K ) that were void due to lack of financing ...

I offered 170K , including furniture ( 1200 sq. ft ) all cash , offer valid for 24 hours ( I was leaving shortly ) .
Accepted, but the KEY word is CASH ....

Here, I bough 2 rental prpoerties ( 380K to 430 K ) with 20% down ... They are cash flow positive.

To see if you deal makes sense, check my mortgage calculator at : http://www.pdgcash.com

11-24-2012, 05:48 PM
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Pompano Beach, Florida Posts: 29,567	Better have cash on hand ... Banks in the USA are chilly to ''investors '' ... When I bought my 170K condo in Pompano Beach ( on the intracoastal ) , there had been nine previous offers ( 200K to 240K ) that were void due to lack of financing ... I offered 170K , including furniture ( 1200 sq. ft ) all cash , offer valid for 24 hours ( I was leaving shortly ) . Accepted, but the KEY word is CASH .... Here, I bough 2 rental prpoerties ( 380K to 430 K ) with 20% down ... They are cash flow positive. To see if you deal makes sense, check my mortgage calculator at : http://www.pdgcash.com __________________ I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time ....