Can you give an offer with credit?
Question. A friend asked me.
So if lets say I have a lender that his minimum loan is 75k (has to be 75% of ARV), and I find a house for 85k that is valued at 100k and higher, could I offer the seller 100k with 15k credit back? So like at closing I get 15k back to my pocket? Or is that considered shady of some sort. Curious to hear your opinion.