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Updated over 8 years ago,
Help! I want to offer a seller 2nd on a SFR in Chicago
Hello Chicago Mortgage Brokers/Bankers/Financiers,
I am getting ready to market a 4 br, 2 ba SFR buy-and-hold in Chicago. I want to offer a seller 2nd, and am willing to offer up to 40% to make the purchase more attractive to an investor. Purchase price would be somewhere between $100-125k. Rent amount would be $1350 a month.
Does anyone know of any funding sources that will do this type of loan, and how much would a buyer have to put into the deal?
I want to have financing options available for when I am ready to market the deal.
Thanks!