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Updated over 5 years ago on . Most recent reply

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Owner Ocupied Bridge Loans in NJ

Posted

I only need 65% of the ARV can't use hard money since as you know I would need to put the house under an LLC and treat it as invesment.

I want to purchase the house for myself and wasn't aware of this when I sent in the offer thinking I can use a hard money lender.

I have a pre-approval for a 203k I can use but I am affraid that the seller is only motivated to accept my low offer due to the fact that I offered a cash deal and closing fast (which I won't be able to achieve with the 203k)

Any advice? Thank you so much in advance!

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