Updated almost 5 years ago on . Most recent reply
Creative financing advice
We have gone under contract to sell one of our rentals. I have never had an issue with financing before, but we both recently retired. Now no one will finance a new property. We have $200k to put down on one or several homes. I need to cover $500k for the exchange. Even though we have over $600k in retirement savings, no one is interested. Can you offer any suggestions? I hate to pay the tax on this.
Most Popular Reply
Partner with someone who is willing to put their name on the mortgage(s)? Buy cash, buy it subject to the existing mortgage.