Updated almost 8 years ago on . Most recent reply
Can I get a mortgage for owner finance property?
So hello BiggerPockets I have a serious question to ask I know they should be basic but still I want to clarify if I'm right and also if there's another method. So previously I posted up a question about how to finance a owner finance rehab, so the main question here if I get him to agree on her owner finance property through contracts of let's say $80,000 and rehab for it because he had a previously gutted is about $20,000 so in total for the whole house it's $100,000. That's including property itself as is and also rehab. Now here's the real question if I get him to agree on that can I get a mortgage for the hundred thousand dollars I will pay for the $20,000? And also pay him off for the house?