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Updated about 17 years ago on . Most recent reply

Fred Shandler's profile image
Fred Shandler's profile image
Fred Shandler
  • Real Estate Investor
  • from Jersey City, New Jersey
  • Member since Jan 4, 2008
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Fred Shandler's profile image
Fred Shandler's profile image
Fred Shandler
  • Real Estate Investor
  • from Jersey City, New Jersey
  • Member since Jan 4, 2008
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Fred Shandler
  • Real Estate Investor
  • Jersey City, NJ
1
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203
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Creative Real Estate Financing

Can I purchase using a business LOC, then refi?

Fred Shandler
  • Real Estate Investor
  • Jersey City, NJ
Posted

Newbie thought/idea::

What are your thoughts on taking a business line of credit at appx 6.5% (from an existing business) to essentially pay a seller in "cash", thus obtaining the lowest possible price. Then, refi using a conventional mortgage?

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