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Updated over 2 years ago,
Hard Money + No Rehab Needed
Greetings All,
There is a multi-family (duplex) I’m looking at that’s currently rented out on both sides with Section 8. The tenants have been there for over 10 years according to the listing.
Couple questions:
- Why would someone sell a property that’s getting guaranteed money from “good” tenants? Is this a bad sign?
- To get the funds to buy it can I use hard money even though the property doesn’t need any rehab? If so, is this the best way to purchase it knowing that I don’t have the 20-30% down for conventional loan?