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Updated 8 days ago, 12/17/2024
How do I secure lending on down payment / construction costs
I'm trying to get financing lined up before I find a deal. I want to do a seller financed deal that allows me to put less down, but I still have to come out of pocket the rest of the down payment and construction costs so I have a few questions
1. Can I get a loan for the down payment / construction costs
2. In a seller finance scenario and my new posed scenario can I get both parties to agree to let me start paying 3-6 months down the road after the rehab and I start cashflowing?
I really feel this financing situation is holding me back from going and finding a deal. Would love some advice