Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 12 years ago,
Please help - Need advice about securing financing for a quick purchase
A owner wants to sell duplex property for 10% discount to fair market value if I can close the purchase by December 31st. I am a first time homebuyer with excellent credit and can easily afford the duplex. So getting a normal 20% down 30 year FRM shouldn't be a issue but problem is I don't have time.
So what would you suggest to make this deal happen ? Do you know of any bank or a company who can issue a 20% down 30 year FRM within 2 weeks ?
Will hard money lenders be able to provide financing in such short notice ? Will they give me a loan knowing that I will be looking to refinance ASAP after the purchase.
Thanks for your time.