Posted by Redline on August 18, 2003 at 23:04:58:
Exactly what I want to do … but the thing is I don’t want to actually close the thing (obviously) … I want to flip it before the close.
They wany 10% down right away then you have 45 days to get a mortgage committment. I figure I’ll give them 10% cash then say I am paying all cash and no mortgage to get around that noise. I can provide proof of funds. House will take probably 3-5 months to finish in which time I will flip it somehow.
Sounds doable just gotta work out the details.