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Updated over 4 years ago on . Most recent reply

User Stats

31
Posts
10
Votes
Chris Rowland
  • Destin, FL
10
Votes |
31
Posts

What to do while waiting to close on new construction

Chris Rowland
  • Destin, FL
Posted

So, I'm under contract for a new construction quad with a VA loan. It's a great situation except I'm advised not to do anything else until we close Q1 2021 and it's killing me! The financial portion is less important waiting that the fact it's VA and not to worry the underwriter I'm told.

Any way to invest off the books in the meantime even with some down (15-20k)? Owner financing?

Thanks in advance!

Most Popular Reply

User Stats

540
Posts
285
Votes
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
285
Votes |
540
Posts
Frank Hinck
  • Rental Property Investor
  • Minneapolis, MN
Replied

@Chris Rowland

Invest with a partner. Form an LLC you're 50/50 legally but the partners name is the only that appears on the mortgage. Or be a hard money lender to another local reputable investor.

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