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Updated over 4 years ago,
How can I get this deal done?
Hello everyone! Long time lurker but I seem to be stumped on this. So long story short I found a property that’s almost completely gutted, has 11 beds and 8 baths, would be an 8 unit apartment building. Currently I don’t have a ton of cash on hand, but the seller offered to finance the purchase (would be around 10k down) but that would still leave me looking for a rehab loan. So my question is should I take that offer and then look for a rehab loan, or should I find somewhere that can just bundle the purchase and rehab together? And if so any recommendations? I’ve looked into hard money and most places seem to only be willing to do 1-4 units so I’m stumped.