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BayView I totally agree it would not be my first choice. If ado0902 cant get finance any other way then the deal or some part of the profit is put at risk. While this tactic is generally risky and ado may have to accept a lower offer to get the terms, I'd imagine its a smaller risk than not...

Hi ado0902, well done on your deal. Couple of thoughts (assuming the banks said no to finance on value)... Idea one. Purchase without finance on a very long settlement using just your 30k down. Renovate and then you can revalue imediately (many banks have this policy but check before you...