Options

[Anthoni S Bereziuk Jr]

I'm currently looking at a townhouse that could use some updating. The owner is flexible and has offered a lease option. Is it possible for me to option the property, fix it up with credit cards, then cash out at closing to pay myself back for the repairs? My long-term plan would be to hold it as rental (I like its long-term potential since it's near a hospital), so I would probably want to close on it in the name of my LLC.