Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago, 07/05/2017
Financing for a Duplex in Northwest Indiana
First time posting on BB :)
My wife and I currently own two duplexes in Northwest Indiana. We are putting an offer on a REO duplex close by our other two duplexes. I own two businesses and I hired a bookkeeper to work on my books and still have not filed taxes for 2016. I do have an extension and my accountant is aware that I have someone getting my books all straighten out. I should have everything within a month.
My question is, what are my options of getting the deal financed till I can secure a loan from my bank? I have a good relationship with a local bank but need my taxes done. The property is on the market for 128k and the ARV should be around 180-190k. Would appreciate any feedback or any advice! What other ways can we get a loan?