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Updated about 4 years ago on . Most recent reply

Prakash Nair's profile image
Prakash Nair's profile image
Prakash Nair
  • New to Real Estate
  • from Austin
  • Member since Aug 2, 2020
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Prakash Nair's profile image
Prakash Nair's profile image
Prakash Nair
  • New to Real Estate
  • from Austin
  • Member since Aug 2, 2020
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Prakash Nair
  • New to Real Estate
  • Austin
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Creative Real Estate Financing

Conventional loan on a teardown?

Prakash Nair
  • New to Real Estate
  • Austin
Posted

I have a home I plan to buy and finance using conventional loan. Can I purchase the home this way, wait a few weeks, tear it down and use cash for new construction? My initial plan was to simply remodel the home, but it's looking like its much more affordable to tear it and start over.

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