Posted by Mark-NC on January 16, 2000 at 10:22:58:
Just tell the broker exactly what you are doing, if the broker is experianced they will know that this is a flip. The broker should know this as soon as possible because most lenders won’t allow this. You wouldn’t want to take your deal to far and have it killed when the lender see’s that you are not the owner on the title. There are only a few lenders that will allow this so find out for sure from the broker.
If you can’t get it done on the mortgage side you can do it with a owner financed note and sell the note.