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Updated about 8 years ago on . Most recent reply

User Stats

208
Posts
157
Votes
Jake Walroth
  • Investor
  • Cincinnati, OH
157
Votes |
208
Posts

Using traditional finance for a Homepath Property

Jake Walroth
  • Investor
  • Cincinnati, OH
Posted

Hey guys, I've got my eyes on a few Homepath Properties..... its still within the two weeks for owner occupents, but I'm wondering if anyone was ever used financing to purchase a Homepath Property. I know most probably use cash... just seeing if anyone has had success using financing... and if you have, has it hurt your ability to get the bid vs All Cash offers?

Jake 

Most Popular Reply

User Stats

2,067
Posts
900
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Percy N.
  • Developer
  • Philadelphia, PA
900
Votes |
2,067
Posts
Percy N.
  • Developer
  • Philadelphia, PA
Replied

@Jake Walroth most homepath properties I have seen require some work before being eligible for a mortgage (plumbing, electric, etc). 

If you have a lender who can lend in its current state, then great.

Was not clear whether this would be an owner occupied or not.

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