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Updated over 6 years ago,
Does this type of financing exist?
I have offers on two rental properties accepted that are contingent on financing. One is $145,000 for a four Plex. The other is $160,000 for two houses on one plot of land. The problem is I only have $40,000 in cash. Is there anyway I can finance both of these properties? They would both cash flow well on a 100% LTV loan. How can I get this done? If I can't, I will have to choose just one of the properties but that doesn't seem like the best solution. Any creative ideas?
Thanks!