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Updated over 3 years ago on . Most recent reply

User Stats

72
Posts
31
Votes
Justin McElroy
  • Rental Property Investor
  • West New York, NJ
31
Votes |
72
Posts

Fast Close Purchase+Rehab Loan for Owner Occupied Property?

Justin McElroy
  • Rental Property Investor
  • West New York, NJ
Posted

Hi All - I'm looking to implement the "BRR" strategy for my future personal residence and am having trouble finding information on who provides lending in the situation where 1) this will be my primary residence, 2) we will need funding for the purchase as well as renovation costs, and 3) is able to close quickly.

Has anyone done this before or know of any companies that do this? I think the biggest issue is that this is for my primary residence.

I know there is the FHA 203k and Fannie/Freddie products that accomplish this, however, they take too long to close, and I'm looking to make myself look like a cash buyer that can close quickly and indefinitely in as is condition.

Thank you!

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