RE: HELP! Buying property with Cash
Reply: 2.1.1.1
From: Henry Ye
Hi TH,
Actually, I haven't thought of this, but now I will definitely think
about doing it this way. I was only thinking of refinancing it the
normal way, and I wasn't planning to do any renovations on it just yet,
as the property is in good condition.
Henry.
-----Original Message-----
From: propertyforum Listmanager
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Sent: Monday, 16 September 2002 10:13 PM
Subject: HELP! Buying property with Cash
From: "The Husband" <
[email protected]>
Henry
Hi. It is good to be able to buy with cash. I thought about buying
something for cash (from LOC) and then getting a mortgage on it later.
eg buy for 200,000 and then tell the bank you've done all sorts of
renovations/repairs and getting it valued at, say, $250,000 and getting
a 90% lend on this. It would be like a no money down deal. Is this what
you are doing?
TH
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