Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago,
Funding for a new rental property
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