Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago, 08/29/2024
What type of loan should I looking for?
Newbie here. I have a situation that need advises.
I won the bid from the county auction.
The house is $225K value. I need $65K to close the auction. My usual lendor has the health issue and can no longer fund it.
I have two other rental properties that I can use for collecteral. I own them free and clear.
I have contacted traditional lendor for a loan but looks like they can't close in time. What is my option here?