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Updated over 9 years ago,
Cre8ive Financing help
Thanks to the motivating advice from BP podcasts I've final locked in my first deal.
Here's the numbers
Duplex purchase price $45k in a 2yr lease option.
I'm Looking to House hack it.
ARV is about $125-150k
I'm a contract so rehabbing is easy peasy for me as I've raised value for others in my 20yrs in business.
My problem is my current credit score/debt to income ratio. I'm looking to fix this after I'm able to pull the forced equity out of the property.
I would like to get the title in my name so I'm able to get started on the year before I can refinance. I have someone with great credit/debt to income that's willing to help.
How would you all proceed???
Thank you for your time and consideration!