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Updated over 9 years ago,

User Stats

25
Posts
1
Votes
Mark Rogozinski
  • Real Estate Investor
  • Lower Burrell, PA
1
Votes |
25
Posts

Funding for a new rental property

Mark Rogozinski
  • Real Estate Investor
  • Lower Burrell, PA
Posted

Hello all......I am about to make my FIRST offer on a killer DEAL for a home to use as a rental property in PA.  I have been to the property twice so far and I can get this property for under $10,000....The owner and brother are tired of having it...father died several years ago and they just want to unload it.  I am a contractor with over 25 years experience...so I know what needs to be done.   I estimate I would need around 25,000 - 30,000 for purchase and rehab costs.....How do I fund this?  We have some cash towards home but---what financing would be our best bet...Broker...203K...???  Credit score over 760...Thanks in advance

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