All Forum Posts by: Karin Maceochaidh

Looking to purchase an income producing ag property, farm and pasture land, that also has a massive gravel production site, over 20 acres of it (approximately 400,000 tons). 

My approval odds aren't great, I'm a first time investor without any exciting financial history. 640 credit. But 3 years ag management experience. Anyway, is this...a thing? Could I offer the bank a percentage interest in the gravel rights (yes that conveys in the sale) for a guaranteed approval? On top of the fact that I already have a business plan showing that income from the other ag operations cover the annual payments? 

Hello, new to this, and attempting my first purchase. I have the opportunity to buy 2 adjoining properties, each with a 2bed/1ba home. They have to close together per the seller. They are priced under market value, no major repairs, really only need updates. 

I read on one of these forums, where someone was looking for creative workarounds to avoid a down payment, the suggestion to purchase via seller carry, then immediately refinance after closing, which I understand would pay the seller immediately? Would it pay the seller fully? I would be using a hard money lender for this. My plan is BRRRR.

THANKS IN ADVANCE!