If the LTV is low, seasoning should not be too much of an issue. Is the money for the purchase of another property? There might be another way to structure the deal.
Aaron,
The property was bought with 20% down, well below
its market value. Yes, we want to use the money for a
cash downpayment, on an owner financed deal.
anybody know any companies out there that will give large unsecured line of credits? Please let me know. I own a lot of property and have great scores.
try this site, mobilehomeparkstore (put the usual prefix and dotcom after )properties for sale all over US. good resources too...[ Edited by NEWBIE2801 on Date 01/17/2006 ]
If the LTV is low, seasoning should not be too much of an issue. Is the money for the purchase of another property? There might be another way to structure the deal.
Aaron,
The property was bought with 20% down, well below
its market value. Yes, we want to use the money for a
cash downpayment, on an owner financed deal.
-Gary
3 weeks
If you have a 2+ year old business with scores opf 660+, 675+ if real estate realted, there is no waiting time.
I believe you really desire a cash out refi for additional property investments and that is doable as well. What are your scores?
anybody know any companies out there that will give large unsecured line of credits? Please let me know. I own a lot of property and have great scores.
try this site, mobilehomeparkstore (put the usual prefix and dotcom after )properties for sale all over US. good resources too...[ Edited by NEWBIE2801 on Date 01/17/2006 ]
Thanks for the link!!