Buying out Siblings of Inheritance properties

[Karim Baker]

I have the opportunity to buy out siblings for two homes in San Diego. Both need repairs 75k for one 150k for the other, both should be worth at least 700k after repairs. I can do a 203k loan for one, but I don't have capital for the other. What's would you think is the best options. We have family living in the other and I was asked to buy both and let them continue to rent. Both have smaller mortgages. I was thinking of doing the 203k for one and seller financing for the other. Figured if they wanted me to deal with the family renters we can negotiate discounted terms.