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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

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