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Updated over 10 years ago on . Most recent reply
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Where do I get the money from?????
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.
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If its your families, why do you have to wholesale it? Why not just transfer title and sell, or take out the heloc