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Updated over 17 years ago on . Most recent reply

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Creative Real Estate Financing

Koolcat is on the prowl...

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Posted

I have a property under contract and need some advice on financing. Here are the details:

Price - 52K
Offered - 50K w/1500 closing
ARV - 83K
Rehad costs - $2500 (paint and carpet)

I'm looking for 100% financing and would like to roll all closing and repair costs into the loan. Is that doable?

My information:

Fico - 711
Still employed
No Consumer debt
6 rentals properties that cashflow
very little cash reserves on hand

Thanks in advance.

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