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Creative Real Estate Financing

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Fred Shandler
  • Real Estate Investor
  • Jersey City, NJ
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Can I purchase using a business LOC, then refi?

Fred Shandler
  • Real Estate Investor
  • Jersey City, NJ
Posted Aug 3 2008, 10:48

Newbie thought/idea::

What are your thoughts on taking a business line of credit at appx 6.5% (from an existing business) to essentially pay a seller in "cash", thus obtaining the lowest possible price. Then, refi using a conventional mortgage?

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