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Updated almost 7 years ago on . Most recent reply

Joshua Buck's profile image
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Joshua Buck
  • Rental Property Investor
  • from Spanaway WA
  • Member since Jul 1, 2018
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Joshua Buck's profile image
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Joshua Buck
  • Rental Property Investor
  • from Spanaway WA
  • Member since Jul 1, 2018
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Joshua Buck
  • Rental Property Investor
  • Spanaway WA
8
Votes |
12
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General Real Estate Investing

Help! Question on financing a deal

Joshua Buck
  • Rental Property Investor
  • Spanaway WA
Posted

So a deal was brought to me and the numbers work out great! BUT, I'm short on the cash... Dose anyone know if I can finance half the deal with a bank loan and the rest owner finance??

example:

property 400,000

get a 200,00 FHA loan

owner finance 200,000 

Any help will be amazing. Thank you for your time!

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Tarik Turner's profile image
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Tarik Turner
  • Lender
  • from Hackensack, NJ
  • Member since Aug 13, 2016
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Tarik Turner
  • Lender
  • from Hackensack, NJ
  • Member since Aug 13, 2016
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Tarik Turner
  • Lender
  • Hackensack, NJ
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Tarik Turner
  • Lender
  • Hackensack, NJ
Replied

You can also get a short term fix and flip loan then refi out once Reno is done  based on the numbers you can get around 360k with an 8% interest only loan for a  year 

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