Using equity to finance a deal

[Felix Renaud]

I am currently in the talks with a seller that wants 250,000$ for his duplex. After looking at a couple comps, I am confident that this duplex is actually woth more around 310,000$. Is there a way a bank could finance 100% of the deal since we have so much equity in the deal on the buy?

I am currently located in MTL, so this might differ from the US financing rules.

Thanks!

[Rolly Weaver]

Speak to him about doing lease option purchase on a 12 month note.

Then go refinance with a regular bank and use the equity.