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Updated over 4 years ago,
Purchasing with Cash, Financing Later
I have an opportunity to purchase a large piece of land with cash that has an existing house on it. I am purchasing the property below market value, and would like to finance the property after making minor renovations. Does anyone have any suggestions or advice for doing this? I will likely be able to finance for well above what the purchase price is and pull out more than I put in, even after putting the 20% down needed from the bank.
I'm new to the board and I apologize if this topic has been discussed numerous times before.