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Updated almost 6 years ago on . Most recent reply

User Stats

10
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2
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Steve M.
2
Votes |
10
Posts

Getting a Mortgage on Vacant House

Steve M.
Posted

This beautiful custom home with a pool was foreclosed (couple is getting divorced).

Owner is trying to sell fast. 

I believe I can purchase at about 60% of ARV.

I want to flip as is but in this area it can take 6 months on the market to sell.

Can I get a conventional Mortgage if I plan on keeping the house vacant till I find a buyer? 

Also, can I get a Mortgage if I buy via an LLC?

TIA,

Steve

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