Invest in Real Estate

We’ve just signed the loan on a house my father in law is selling to us @ 75% of fair market value. We then are going to turn around in six months or so and get a second mortgage and use that to purchase a house at auction. There is a group here in Spokane that is just real estate investors that buy at auction. They want you to own a home and have 20% and they will loan you the rest at a $3000 fee. Then they all meet the night before the auctions and decide who is bidding on what, and they are about 95% of the investors in this area, so you’re almost never opposed. Plus, they do all the research on leins and such, and garuntee their findings. They also work with realtors at reduced rates. My husband is already a member, and by March we’ll be moving into this home! We plan on living in it for less than a year and then selling it as well!