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Updated over 7 years ago, 07/05/2017

User Stats

6
Posts
0
Votes
Andy Gurczak
  • Investor
  • Crown Point, IN
0
Votes |
6
Posts

Financing for a Duplex in Northwest Indiana

Andy Gurczak
  • Investor
  • Crown Point, IN
Posted

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?

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