I have a property under contract and need to know could I get an extension with HUD if I’m an investor?

SpeedBanks: Can take weeks or even months to close a loan due to really extensive underwriting processes.Private Money Lenders: Close loans usually in days to weeks, which will make it best for time-sensitive deals like purchasing a property or rehabs.3.

I did extensive research on the market and based on purchase prices and rents in the area it seemed like a good investment.

Negative cash flow is difficult especially on more extensive tenant turn overs or when dealing with a PIA tenant.  

Or, I’d have to get an extension of the closing date, which kinda defeats the purpose/competitive edge of a cash offer.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

My extensive real estate experience consists of 1 flip.I have an idea and I'd like to test the waters here in the forums.

I’ve got extensive experience in multi family residential ……………….

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Thanks @Michael Baum@John Underwood , will consider both options , definitely the extension is nice revenue