Financing with a short sale on your credit

[Alex R.]

Hello BP,

I am interested in purchasing a duplex in Miami. My situation is as follows:

My previous deals have been all cash but now I would like to finance my next deal.

I have a short sale that closed early 2012. My credit score is great. I have no debt, but because of the short sale will I be able to finance ? What what are my options ?

Appreciate any ideas .

[Jonathan Alfonso]

Maybe you can partner up with someone who has the financials to obtain financing. You may want to check out Acquisition Lines of Financing from some of the institutional groups such as B2R Finance and Colony American Finance. Or Crowdfunding sites like Realtyshares. You can always go with a hard money loan for acquisition and once the duplex is stabilized you can refinance the debt down to more favorable terms.