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Updated almost 8 years ago,
Right house picked but have no money!
Hi, I'm a 22 year old who has been looking on Zillow for the last two years for multifamily duplexes in my area. I have finally found one that is worth investing in. The asking price is 80,000 but it is worth 150,000 minimum after rehab. The thing is I'd have to FHA and don't have money for the rehab. I don't think I'd qualify for any high loan. What is the best or safest way for me to find/get the money for the rehab. The BRRRR strategy is what guidelines I'm trying to follow. After I rehab I'll refinance to get money back but I don't know how I'd get the money to rehab. New roof, furnace, siding, etc. I'm itching to get this property because it's the only one I've seen that I know is worth it.