All Forum Posts by: Tim Kwaak

@Kayce Tackett I've been doing a strategy with buyers that is essentially a double close. Depending on how much the DSCR lender will lend on, my partners and I will cover the remainder. The reason I say this is a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.

Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.

2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.