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Updated over 1 year ago,

User Stats

38
Posts
29
Votes
Stephen Solano
  • Investor
  • Miami FL 33137
29
Votes |
38
Posts

What is the best way to get financing for Reno when buying property cash?

Stephen Solano
  • Investor
  • Miami FL 33137
Posted

I am currently under contract on a property that I am paying cash for. The property is in disrepair and needs roughly $100,000 in renovation costs. 

Owning the house free and clear with a current value of about $200k and an ARV of about $350k-$400k, what would be the best way to finance the renovation with the intention of doing a cash-out refi when the property's renovation is complete?

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