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Updated over 6 years ago,

User Stats

19
Posts
5
Votes
Tucker Long
  • Columbus, OH
5
Votes |
19
Posts

Seeking lender to help with delayed financing

Tucker Long
  • Columbus, OH
Posted

Hey Columbus people!

I'm searching for an Ohio lender who can help pull 100% of $ back out of a cash purchase, via delayed financing (of course contingent upon appraisal being high enough).

For those unfamiliar, check out this great post on the topic (specifically part 2) 

https://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-property

https://www.fanniemae.com/content/guide/selling/b2/1.2/03.html

I've talked to several loan officers who are typically investor friendly, they all either want the investor to leave some of their own cash in the deal for first 6-12 months due to their own banks overlay, or they don't understand this process/don't want to mess with this.

Has anyone successfully pulled 100% of their cash out of an all cash purchase in Ohio with this technique? If so will you please share which bank it was with? :p

Thanks in advance,

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