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Updated 4 months ago on . Most recent reply
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What are the equity-based financing options for a free and clear investment property?
I own a property free and clear, that I want to rent out. First, it needs work. Since there's no income yet, I assume that DSCR financing is out of the question.
It needs about $70k of work to bring it to an ARV of $150k. Is there an equity-based product that I could use to pay for that rehab, with the intent of doing a DSCR once it is rehabbed and rented?
Thanks!
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