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Updated over 4 years ago,
Initial Financing Questions
Hi, All~ Thanks for looking at this question.
I am looking to put the least money down and will be using this property as a personal residence for at least a year and then either selling as a flip or establishing a long term rental as it is near a private university.
The purchase price is $380,000
A current appraisal is $525,000
My specific question is: Are there financing options that will allow for no money down and use the immediate equity as collateral in place of down payment? (hope I worded that correctly)
Thanks for any feedback.