Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

152
Posts
126
Votes
Peter Fennig
  • Investor
  • Fort Wayne, IN
126
Votes |
152
Posts

Capital to finish duplex being bought via seller financing

Peter Fennig
  • Investor
  • Fort Wayne, IN
Posted

So I bought a duplex in April  where the seller financed the deal. The purchase price is $15,000 at $400 per month, 0% interest, for 24 months at which point the remaining balance is due. On top of that I put $2,500 down that goes toward the purchase price. My question is what should I do to get the funds to finish this property? So far I've done all the repairs and upgrades myself which has saved me with labor cost, but with funds dwindling down to finish the house, I was wondering if anybody has adivise on what options I have with getting financing to finish sooner rather than later? I've already added a substantial amount of equity into the property with the repairs and upgrades I've made so far, but I'm not sure what approach I should take with a lending institution since I'm buying the house on contract and don't have the deed in my name yet? I'm in Fort wayne Indiana 

Loading replies...