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Updated about 14 years ago, 11/20/2010

Vik Ari's profile image
Vik Ari's profile image
Vik Ari
  • from Edison, NJ
  • Member since Feb 3, 2008
Connect

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75
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2
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Vik Ari's profile image
Vik Ari's profile image
Vik Ari
  • from Edison, NJ
  • Member since Feb 3, 2008
Connect
Vik Ari
  • Edison, NJ
2
Votes |
75
Posts
Private Lending & Conventional Mortgage Advice

URGENT question!!!

Vik Ari
  • Edison, NJ
Posted

hi all,

let say i buy a property cash for $100,000. once i close can i finance it with the bank for 80000 and keep 20000 equity. the reason i am doing this is because i am getting a really good deal with cash so i want to close with it then finance. so i can use the 80000 to buy other properties.

gurus, pls help asap!!!!

vik

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