Hubzu cash only creative finacing tips needed

[John Nisewonger]

so I found a property on hubzu that I am interested in purchasing. The house is at a great price and I want to make an offer.

I have enough liquid assets to purchase the house and maybe enough for a third of what I think it will cost to renovate.

The hubzu deal is cash only.  I dont mind using some of my cash but i dont want it all tied up in this property. My question is. Can I buy the house with cash to seal yh deal and quickly turn around and get a 203k loan to pay for the house and repairs? What other options do I have or tricks of the trade to use to pay for this house and reno?

The house will not qualify for conventional loan for sure. I heard something about cash out refi?

Any tips are much appreciated!!!

[James Lusk]

What is your end game for this property? Seeing as you said house I assume this is an SFR? Are you planning to occupy the house? There are restrictions around who qualifies for a 203k. You have to at least plan on occupying the house.

Do you have any retirement funds you can borrow from? This is a great way to scrape up some funds. I borrowed against my 401k at 4.25% and all the interest you pay goes back into your account. I was limited to borrowing half of my account balance.

If the deal is really good, post it in the marketplace and seek an equity partner.

Just a couple ideas. Good luck!