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Question
Can i buy an apartment building with no money down?
Submitted: 77 days and 23 hours ago.
Category: Legal
Value: $18
Status: CLOSED
Accepted Answer
Hello there. Well, that is a difficult question to answer. Legally, there is no requirement that you put money down. The question is more business-related...Here are the key questions, one of which is going to have to be answered "yes" in order for you to get 100% financing: (1) Does the seller or a lender have the incentive to provide you 100% financing? or (2) Do you or a guarantor have sufficient net worth to make your guaranty of such loan secure enough for the lender to provide 100% financing?
I hope this has given you the guidance you were seeking. I wish you the best of luck!
If I have adequately answered your question, even though the answer might not have been the one for which you hoped, I would appreciate it if you would please click the GREEN ACCEPT button NOW, so that I receive credit for my work; otherwise, though you have made a deposit, I do not receive credit.
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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
Expert:
LegalBeacon
Pos. Feedback:
99.5 %
Accepts:
Answered:
9/4/2009
Attorney
Attorney/Developer
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