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All Forum Posts by: Isaiah Stark

Isaiah Stark has started 2 posts and replied 4 times.

Creative Real Estate Financing

Post: financing pre foreclosure deal

Isaiah StarkPosted
  • Posts 4
  • Votes 1

Was looking for some clarification on how to fund a pre forclosure deal. I've spoken with a homeowner that's being pre foreclosed on and believe I have a solid chance at getting the property before it goes to auction. Im aware of a cash deal (which I'm not in a position to do) , subject to and a conventional loan. Are there any other ways to finance this potential deal?

0 Votes
Boston, Massachusetts
Private Lending & Conventional Mortgage Advice

Post: Conventional loan to pay off hard money loan

Isaiah StarkPosted
  • Posts 4
  • Votes 1
Quote from @Dave Skow:

@Isaiah Stark-  using a conventional loan to payoff a  hard money loan is  possible  .....there are some  loan top value and  program  guidelines that  need to  be  followed so get in touch with a  lender and get pre approved  for a  possible  future  refinance  plus  ask  these  questions 


 awesome will speak with my lender thanks 

1 Vote
Boston, Massachusetts
Private Lending & Conventional Mortgage Advice

Post: Conventional loan to pay off hard money loan

Isaiah StarkPosted
  • Posts 4
  • Votes 1
Quote from @Erik Estrada:
Quote from @Isaiah Stark:

I've found some good off market deals but can't use my conventional loan to purchase these properties. Can I use a hard money loan just to get the house fast and then use my conventional loan to pay it off ?


 Do you own any other properties? 


 yes one single family

0 Votes
Boston, Massachusetts
Private Lending & Conventional Mortgage Advice

Post: Conventional loan to pay off hard money loan

Isaiah StarkPosted
  • Posts 4
  • Votes 1

I've found some good off market deals but can't use my conventional loan to purchase these properties. Can I use a hard money loan just to get the house fast and then use my conventional loan to pay it off ?

0 Votes
Boston, Massachusetts