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Updated over 1 year ago,
What is the best way to get financing for Reno when buying property cash?
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?