Lawrence Ross 401 E. Fireweed Lane Suite 101 Anchorage, AK 99503 907-561-2227 BuyersRE@alaska.com

BUY FOR NOTHING DOWN! (WHERE THERE'S A WILL THERE'S A WAY) We've recently helped folks buy a nice duplex with garages for $195,000, with only $1200 cash total needed at closing. They collected rents for the first month, so actually netted cash shortly after closing. A few months ago, we did the same thing with a $280,000 fourplex. The buyer came to closing with $800, collected rents and made a profit the first month. Again no mortgage payment the first month, so he actually purchased and made $2,000 net shortly after closing. No, these folks were not veterans, and, yes, you can use these programs on single family homes and condominiums. Is there a catch?  Yes, to use almost all zero down programs, you must a) owner-occupy* the property and b) have good credit. The zero down or low down payment programs that we've utilized for our clients: *  VA - 0 down *  FHA - 2.25% down *  FHA Home Stretch - 0 down, interest rate slightly over market *  FHA Neighborhood Gold *  FHA NEHEMIAH - 0 down, seller pays down *  HomeStart - very low down, matching $ from banks *  Conventional - 0 down, interest rate slightly over market Natives - * Cook Inlet Housing 3% down, plus 30% down What about closing costs? With most of the above programs, the closing costs can either be financed into the loan or paid by the sellers, or some combination thereof. *Investors: Even in a hot seller's market, there are some deals available for zero to 5% down (ALA Carleton Sheets), on single family through multiplex, but they usually involves either the buyer having other assets or the seller carrying back part equity, or a combination of both. Please call the broker, Larry Ross, for details at (907) 561-2227. Copyright © 2003-2005 Buyers Real Estate, All rights reserved 401 E. Fireweed Lane, Suite 101 • Anchorage, AK 99503 Phone: 907-561-2227 • Email: BuyersRE@alaska.com Designed by Sundog Media & Alaska Internet Services