Updated about 2 years ago on . Most recent reply
Looking for funding
I'm currently looking for help funding a deal. This deal is very complicated as it is being sold as land and has a property on it. Inside the property are the owners so I've looked into a land loan and this is not possible since there is property on the land. It also can not be bought using a conventional loan since the property next door is owned by a family member and shares a well. Upon sale the well will be separated from the sold unit so a new well will need to be dug (9K).
The property is 2.5 acers in a really great area and has been assessed at 500K, the property is currently listed at 320K but I believe an all cash offer at 280K can get the deal done. I need help finding someone who can help get this deal done. I can put 20% down.
Thank you!