Financing NJ REO and rehab work best options?

[Ed D.]

Hi everyone, I am under contract for 2 REO properties at the moment and wanted to ask for advice on the best ways to finance these? They will require rehab work. The properties are both located in NJ. 1 of the properties is $70k but needs around 80k rehab full gut. The other is $70k but needs $60k rehab. I do have the cash to put up most of the purchase price but am looking to use as much leverage as possible and use my as much of my cash for other deals as well. What are some of the financing options you guys have used for similar deals? I can also do conventional (203k, FHA, VA, etc) for 1 of these as I may house hack it. But am not sure of what all the available options are for rolling the rehab and purchase price into the same mortgage without me coming out of pocket for a lot of this cash. Now keep in mind that if I needed to I would buy 1 cash outright and put the rehab money. But as I said, I want to keep my cash, or at least most of it, and use it to purchase other deals. Thanks in advance appreciate the assistance.