Simple answer - yes you can alter your funding source after putting it under agreement if you chose to use a hard money lender instead - i would just communicate with seller that hey I was going to use cash (assuming you have it from your heloc) and instead will finance some of it but let them know its not contingent on financing.

You can theoretically have a higher rate from one lender with lower origination fees and total finance charges may come in lower.  

I love creative financing, who doesn't?

Keep in mind, there are scenarios where you can use creative financing or OPM to get that duplex in the future.

Most affordable developers will pay more for a given piece of property but will want to lock it up for two years under a financing contingency so that they can go through two rounds in the event their project doesn’t get awarded on their first round.  

I'd love for that to be at least 20+ units and I'm curious how some of you financed your first deals?

Thanks for the tips!

If you expect further growth, holding onto the property could still make sense.Final ThoughtsSelling isn’t a bad option, but you’re giving up an incredible financing advantage.

If you have any financing questions, feel free to reach out.

One of the pro's is Investors can tap into retirement funds to finance deals without depleting cash reserves.