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Updated almost 8 years ago,
Hubzu cash only creative finacing tips needed
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!!!