Obtaining money for flip

[Tony Davis]

Looking at a property that I might be able to get via subject to/contract for deed. Was just wondering how you would go about getting funds under this scenario? This would put lender in the 2nd position I'm assuming. 

[Sasha Mohammed]

it would, unless the seller would be willing to subordinate. even still, most reno lenders are financing more than 100% of as-is value, and won't want ANY other lien, even if they are given priority position. i have seen this strategy work, but with private investor to finance the renovation as opposed to an institutional lender.

[Tony Davis]

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