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Updated over 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Bangor, ME
2
Votes |
8
Posts

Obtaining a mortgage on a house I own outright

Account Closed
  • Investor
  • Bangor, ME
Posted

Hey guys just looking for a little advice. My fix and flip LLC has been lucky enough to be all cash at this point. However I have recently come across a very good deal on a house I couldn't turn down but need to raise some capital to purchase it. I currently have 3 other Houses in progress that I own outright. I will be finishing one of these houses in the next few weeks and would like to obtain financing for it while its on the market. How easy/difficult would it be for my LLC to obtain short term financing so I can purchase this good deal while my other houses are on the market being renovated?

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