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Updated 4 months ago, 08/20/2024
Advice on Obtaining Rehab Funds for Owner-Financed Deals
Hi everyone,
I’m currently in the process of closing on two owner-financed small multifamily properties in Milwaukee, WI, which I plan to buy and hold. While I have the funds for the down payments, I’m in need of approximately $30,000 to cover the rehab costs for these properties to get them in market rent shape.
I’m exploring various options to secure the necessary financing and would greatly appreciate any advice or recommendations on the best ways to obtain rehab funds. Has anyone here had experience with this, or can you suggest any lenders or financing strategies that could be helpful?
Thanks in advance for your insights!