Closing Deals And Pulling Cash At Close
I have a deal to purchase a property at 15,000, It has a market value at 45,000. What method should I use to pull cash out at close.
I have a deal to purchase a property at 15,000, It has a market value at 45,000. What method should I use to pull cash out at close.
How long do you plan to hold it? the easiest way would be to get a new 1st mortgage, but you need to know how much it will cost (points closing etc), if you plan on flipping the property quickly offer a local investor a high interest loan secured by the property, paying well above the current rates will attract the money but if you only hold it for 6 months it doesnt really matter what interest rate you are paying