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Private Lending & Conventional Mortgage Advice

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Justin McElroy
Pro Member
  • Rental Property Investor
  • West New York, NJ
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72
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Fast Close Purchase+Rehab Loan for Owner Occupied Property?

Justin McElroy
Pro Member
  • Rental Property Investor
  • West New York, NJ
Posted Jul 28 2021, 20:41

Hi All - I'm looking to implement the "BRR" strategy for my future personal residence and am having trouble finding information on who provides lending in the situation where 1) this will be my primary residence, 2) we will need funding for the purchase as well as renovation costs, and 3) is able to close quickly.

Has anyone done this before or know of any companies that do this? I think the biggest issue is that this is for my primary residence.

I know there is the FHA 203k and Fannie/Freddie products that accomplish this, however, they take too long to close, and I'm looking to make myself look like a cash buyer that can close quickly and indefinitely in as is condition.

Thank you!

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