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Updated almost 10 years ago,

Teresia M.'s profile image
Teresia M.'s profile image
Teresia M.
  • Real Estate Investor
  • from Cartersville, GA
  • Member since Feb 25, 2015
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User Stats

31
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2
Votes
Teresia M.'s profile image
Teresia M.'s profile image
Teresia M.
  • Real Estate Investor
  • from Cartersville, GA
  • Member since Feb 25, 2015
Connect
Teresia M.
  • Real Estate Investor
  • Cartersville, GA
2
Votes |
31
Posts
Real Estate Deal Analysis & Advice

How to get Rehab funds

Teresia M.
  • Real Estate Investor
  • Cartersville, GA
Posted

I received a response to a yellow letter and the seller is agreeing to seller finance the property for 18k with 5k down 5% interest with a balloon in 3 years. The property needs 30k of work. Margins are slim on this deal as the ARV is 60k. I will want to refinance and hold the property after rehab. My question is how can I ask the owner to finance the rehab in addition to the seller financing? What is a good way to structure that deal?

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