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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
Do You Think It’s a Tough Time to Invest? It’s Not When You Can Get Deals Like This
Are you sitting on the sidelines in this market? Many investors are. There’s a lot of fear and caution. But we’re not. And you don’t need to be, either.  Of […]
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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingNew Purchase Loan based on appraisal not purchase
Clayton Smith's profile image
Clayton Smith's profile image
Clayton Smith
Pro Member
  • Rental Property Investor
  • from Tuscaloosa
  • Member since Aug 15, 2019
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Clayton Smith's profile image
Clayton Smith's profile image
Clayton Smith
Pro Member
  • Rental Property Investor
  • from Tuscaloosa
  • Member since Aug 15, 2019
Connect
Clayton Smith
Pro Member
  • Rental Property Investor
  • Tuscaloosa
38
Votes |
86
Posts
Creative Real Estate Financing

New Purchase Loan based on appraisal not purchase

Clayton Smith
Pro Member
  • Rental Property Investor
  • Tuscaloosa
Posted Aug 5 2021, 05:08

I came across a few turnkey single families that are for sale under market value. Is there a lender that will loan based on the appraisal of the property and not the purchase price? They look great except I don't want to lock up that much capital for a long period of time. 

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