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Updated over 8 years ago,
How can I make this deal work!!!?
Hi All!!
I have a motivated seller, property management company, buyer with over $1500 in Section 8 rental vouchers...and my buyer is still trying to obtain finances for the deal. He is an international investor and after some paperwork needed to be filed to allow him to invest in the country, he is now trying to secure financing.
My question is, can I use creative strategies to either obtain this as my own rental property or expedite the sale? (seller is getting antsy, though still remaining patient as this transaction has been a "learning curve" of sorts for many of us!)
Transactional funding? (Will it last longer than a few weeks if used on a rental property? I found a lender that lends for up to 365 days but am not sure about for rentals)
Are there any other creative strategies I could use? (I am short on cash which is why wholesaling the property was my first approach. I want to complete the deal, which is why am looking into other options.)
All advice is appreciated!