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Updated over 5 years ago,
Free and Clear duplex needs loan for repairs, what are my options
Got a duplex that is paid for free and clear. It needs some repairs before renting and I need to leverage it for about 10,000. How do I leverage it for the repairs? I assume it is worth about 25,000 as is and about 40,000 ARV (after repair value). At the moment it is not producing an income, but could potentially produce more. How do I get a loan on existing properties