Off-Market Deals - Can you get a mortgage?

[Nina Ricci]

Hey guys! So recently, I haven't had much luck stalking Trulia, Red Fin, Zillow, and all that for deals. I've probably seen every listing in the Fishtown/Kensington/Port Richmond area of Philadelphia a billion times.

I was wondering, if I were to start looking for off-market deals, do these deals sometimes allow for mortgages, or is it usually cash only?

[David Bokman]

99% of the time most off-market deals are all done with either cash or hard money. Depending on the condition of the home, the type of loan you are approved for and the person selling the deal may allow for it but it's rare to find. In the last 3 years, I've only allowed 2 people to use a loan when selling an Off-Market property.