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Updated 12 months ago on . Most recent reply

User Stats

117
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57
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Rehaan Khan
  • Investor
  • USA
57
Votes |
117
Posts

Creative ways to fund renovations?

Rehaan Khan
  • Investor
  • USA
Posted

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

User Stats

371
Posts
220
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Clayton Silva
  • Lender
  • California
220
Votes |
371
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Clayton Silva
  • Lender
  • California
Replied

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.

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