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Updated almost 3 years ago,

User Stats

19
Posts
9
Votes
Felix Renaud
9
Votes |
19
Posts

Using equity to finance a deal

Felix Renaud
Posted

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!

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