Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on .
Easement and financing issue
Found a 4 unit that needs work and would be great money maker. Got it under contract as well for a cash purchase. However the title company mentioned we may have issues. Below is what they said:
There is a MSD easement and structure that runs directly under the building. The easement and sewer structure predate the construction of the building, but it was somehow erected. In each of the prior deals, the purchaser was utilizing bank financing, and the lenders refused to finance the transaction because of the existence of the easement and sewer structure.
Now even though I am buying cash, I would like to cash out after rehab. Any one had any similar experience and were able to get financing?