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Updated almost 5 years ago on . Most recent reply

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Calan Hollingsworth
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Purchasing with Cash, Financing Later

Calan Hollingsworth
Posted

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. 

  • Calan Hollingsworth
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