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Updated over 6 years ago,
How do investors purchase their homes?
Hello, I would like to purchase an investment property (distressed,pre-foreclosure) in Brooklyn, fully renovate to make it modern/contemporary including exterior and Airbnb the rooms out. I would also like to make a bottom unit for myself. I would only be in Brooklyn for half of the year and maybe Airbnb that one out too. Could I make this a reality with little money down, Including funding the renovations? I don't know if this is possible but I'm not surprised by anything in real estate investing anymore.
P.S I was thinking I could request seller financing from a motivated seller, but how could I finance a full renovation, especially in an expensive market like Brooklyn?
Thank you,