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Updated over 1 year ago,
Rehab Loans in SubTo deals
I'm attempting a Subject To deal with No/Low money down since I am a rookie investor. I've got a few promising leads, but they require a good deal of rehab.
I want to avoid Cash Out Refi or other loans that would kill the cash flow. What strategies do you use in your creative financing deals to rehab a property while keeping $$$ in your pocket?
Do you use PMLs? What are typical terms with this approach?
Do you use Conventional? Is it through banks or credit unions?
I'm all ears!