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Updated over 8 years ago on . Most recent reply

User Stats

95
Posts
59
Votes
Eric S.
  • Glen Ellyn, IL
59
Votes |
95
Posts

Help! I want to offer a seller 2nd on a SFR in Chicago

Eric S.
  • Glen Ellyn, IL
Posted

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!

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