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Updated 12 months ago on . Most recent reply

Creative ways to fund renovations?
I’m buying a fixer upper with all cash. I’m looking for capital to renovate it & relist it back on the market for a profit. I’d like to avoid any interest bearing loans. I’m more interested in joint ventures, seller financing type of a deal. What are some creative ways other than taking a loan to fund my renovations?
Peace & Blessings
Rehaan K
Most Popular Reply

You could have the seller add you to title before the sale (you'd want an airtight contract), and then fund just the rehab in cash, sell the property and split the proceeds with the seller upon sale/exit. Idk, almost every type of financing is going to be interest bearing. I would start with figuring out why you want to avoid paying interest. That hurdle will likely be a major roadblock to really scaling your portfolio, as I don't know any successful investors that have avoided debt entirely.