Using the bank to buy from the same bank, can this work?
Having much time to think on how I can obtain funds to purchase a 4-plex so as to live in one and rent out the others (Brandon's house hacking advice). I also was looking into loans since owner financing can only be achieved through motivated sellers that seem rare these days (I could be wrong though). I was wondering if coldwell banker gives out any fha loans and if so, is it possible to use that loan to purchase the property that coldwell has. That way I'll own the property free and clear and the bank will have all their money back + any interest they charge me. Can this work, has anyone done it before, is this something new no one has heard of yet.?