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Updated almost 6 years ago,
Getting a Mortgage on Vacant House
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