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Updated 10 months ago,

User Stats

6
Posts
1
Votes
Philip Preskenis
Pro Member
  • Investor
  • Northwest Chicago Suburbs
1
Votes |
6
Posts

Financing for quick close - 10 days

Philip Preskenis
Pro Member
  • Investor
  • Northwest Chicago Suburbs
Posted

Trying to keep this short and sweet. We were presented with an opportunity to purchase a home direct from seller before his home is foreclosed on. It is set to be taken by the bank on March 7th. We would be getting a 25-30% discount on the purchase compared to what the market value is so we would like to get this done. The home is in good shape and would not necessarily be a good BRRRR because rental comps wouldn't cover the refinanced PITI (plus expenses).

I am looking for advice on how to get this done in a short timeframe. I have reached out to credit unions, "quick" close FHA companies and I am waiting to hear back.

Thanks in advance for the help!

  • Philip Preskenis
  • Loading replies...