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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] scenario Posted by Bigv on May 28, 2002 at 7:02 PM If anyone can give advice onthis scenario, I would be greatly appreciated. If you found an REO property that is listed for $69,000. It has 2 bed rooms and 2 baths. The fair market value of the property is $96,000. You don't have any cash, but you might be able to come up with 10% of what the bank is asking for the property. What would one do to obtain this property? You may want to hold it and rent it out, or you may want to sell it. I am in a similar jam. Being that I am somewaht new to the game. I'm trying to figure out the best way to obtain this property for rent, or for a quick sell. Don't forget, I don't have any money. Help!!! Follow Ups: Buying an REO with 10% down Ward-CA- 9:42 AM, 05/29/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : If anyone can give advice onthis scenario, I would be greatly appreciated. If you found an REO property that is listed for $69,000. It has 2 bed rooms and 2 baths. The fair market value of the property is $96,000. You don't have any cash, but you might be able to come up with 10% of what the bank is asking for the property. What would one do to obtain this property? You may want to hold it and rent it out, or you may want to sell it. I am in a similar jam. Being that I am somewaht new to the game. I'm trying to figure out the best way to obtain this property for rent, or for a quick sell. Don't forget, I don't have any money. : Help!!! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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