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Updated over 7 years ago,
PROBLEM : Need 60k for property worth 147k. RENT TO OWN
My problem is I rehabbed the property with my own funds. Purchasing the property on rent to own contract (3 years) . Work completed and rented out for 900 a month.
Now that property is complete. Problem is lenders asking me to put down 20% to close it in my name. No one will consider my contract as a refinance which is what I desperately need.
Any advice or help would be greatly appreciated..