How to bridge the gap and purchase new home before I sell mine

[Jon Ostojic]

Hello everyone. Thanks for taking the time. I've been doing a live-in-flip in Seattle for the last 2.5 years. Two realtor friends have told me my house is now $700k give or take, with about $300k equity. We've considered selling once we completely finished in the next 3-6 months and doing it again.

I go to open houses all the time and yesterday I went to one because it was a unique house/property. I was blown away by both the property and the house. For those interested:

https://www.redfin.com/WA/Seattle/10333-Ravenna-Av...

I've never seen such a place and I know it's unique. It has a separate entrance to a rental unit already (high on our want list), and the property is a sanctuary with stream. The house is in really good shape. I looked through the whole 30 page inspection report. It's in WAY better shape that our current house was.

The problem is I'm not ready. At best I was estimating 3 months to list mine. I'm wondering if it's in the realm of possibility to buy this place BEFORE we sell ours. Even if the loan isn't ideal, we could presumably refinance in a few months after we sell our house.

As a brief rundown I'm currently "house rich and cash pour" as I heard someone say recently. I own 2 cash flowing rentals on the west coast (one in BC Canada) with a total of $250k equity and my primary residence with about $250k-300k equity. Not living month to month, but I don't have more than about $15k liquid at the moment. I could easily come up with around $30k more liquidity within a month or so.

Are there any non-obvious financing options that I'm missing to buy this house now before I sell mine?