Updated over 12 years ago on . Most recent reply
Financing alternatives
I've been contemplating using HML to buy my 2nd property. My understanding is that HML will lend you money for about 6 months allowing you to sell the property or refi to a standard long term mortgage. Problem is, 3 years ago, I had a property foreclose. Even though my credit is now good, regular banks may be reluctant to allow me to refi an investment property. any recommendations on how to get around this?
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Look for tough to finance properties & acquire with Seller Financing.