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Updated over 1 year ago,

User Stats

7
Posts
0
Votes
Junior Louis
  • Brooklyn, NY
0
Votes |
7
Posts

Question on All Cash Deals

Junior Louis
  • Brooklyn, NY
Posted

I saw this multi-family property that I would love to pursue but its bank owned and the lender is saying All cash only. I'd be house hacking this home. Realistically I can't fundraise the amount through family and friends. What recourse do I have if I want this deal? I was thinking getting a private loan or a hard money loan and then refinancing after renovations into a traditional mortgage. Will that strategy work?

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