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Updated almost 6 years ago on . Most recent reply
Seller financing question
so I am about to get my first seller financed property with zero down now I'm, not 100% sure what to do about the rehab?. how can I acquire the funds to rehab the property because I don't know if I can refinance with a property that needs work now my contract for deed is assignable but since the property needs work I can't ask enough to cover the originals seller total balance.
what can I do here?
Most Popular Reply
What is your end game/exit strategy?
It really depends. Is it livable as it sits? Maybe turn it into a rental to pay off the seller and save a bit for rehab?
How is your credit? Do you have friends/family to borrow from?
What are your numbers? What is the ARV and what is the anticipated rehab budget?