Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

83
Posts
9
Votes
Benjamin Ellis
  • Investor
  • Barrington, NJ
9
Votes |
83
Posts

Where do I get the money from?????

Benjamin Ellis
  • Investor
  • Barrington, NJ
Posted

Hello all:

I am trying to get started in Real Estate by means of wholesaling.  Although I desire to eventually do other things in RE besides wholesaling one day, I know that you need money to do so.  My first opportunity in RE is to wholesale my mother's house, which has been vacant for 10 years or so.  I really want to rehab it and keep it as a rental, but I don't have the money to do it.  I'm fine with wholesaling it, but if anyone can suggest a way for me to acquire money to do the rehab project?  I thought about a 203k loan, but I hear that there are so many complications with it.  Any suggestions?  The house is in Philadelphia.

Most Popular Reply

User Stats

143
Posts
19
Votes
Ralph Pena
  • Rental Property Investor
  • philadelphia, PA
19
Votes |
143
Posts
Ralph Pena
  • Rental Property Investor
  • philadelphia, PA
Replied

If its your families,  why do you have to wholesale it? Why not just transfer title and sell, or take out the heloc

Loading replies...