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Updated over 2 years ago,

User Stats

14
Posts
2
Votes
Jemir Martinez
  • Rental Property Investor
  • Atlanta, GA
2
Votes |
14
Posts

Hard Money + No Rehab Needed

Jemir Martinez
  • Rental Property Investor
  • Atlanta, GA
Posted

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? 


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