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Updated almost 6 years ago on . Most recent reply
Buying your own flip?
Hello !
Hoping someone can help, I will ask mortgage company this week but hoping for some insight now;
My husband and Father in law own a corporation , they have purchased a home to flip using money from a hard money lender. They are doing your basic flip, Husband is the VP of the corporation.
My Husband and I happen to be looking for a home to buy in this very neighborhood and this one seems perfect for us,
Can we buy it? I know I can but I don't think my income alone will approve me for the mortgage, so I am hoping he is allowed to be on the mortgage?
Any thoughts? from all my online research its looking like a no
Most Popular Reply

@Theresa Harris, the Corporation owns the house? The Corporation wants to sell to you and and your husband, who just happens to be an officer of the Corporation, but who doesn't have to sign on the closing docs? I really don't see an issue.