OfflineAre you and 1st time home buyer even if you did a double close with a transactional funding source? if not, can you get a house as a first time home buyer with bad credit but a good income source such as a good job?
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Seeking overall prosperity in life,
Carlos
The only way you are going to be able to do a double close with a first time home buyer is if they have cash to close quickly.
And I mean quickly.
The number one thing that "Blows up" a double close is the end buyer not actually having access to the cash as quickly as we initially thought. It is rare that people looking to purchase a home for the first time have cash to do so. Usually they are getting a conventional loan for the home and thus wouldn't qualify for Transactional Lending.
Hope this helps.
Happy Investing!!!
Matt.