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Updated over 1 year ago,
Creative Financing Exit Strategy
Recently I have gotten into two multi family properties using creative financing. My question to everyone is how do I get traditional financing now that I own the properties? If I get a loan from my understanding is they will only give me 20% of the appraised value, which means I still need to find a way to pay the seller the remaining 20%. Of course my goal is to add value so the properties are worth more so that the 80% of the new value covers 100% of the old value, but is there a way to get a traditional loan for the full amount of the current value of the properties?