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Updated about 7 years ago on . Most recent reply

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Paul Jozwiak
  • Alexandria, VA
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Loan options for non livable condition

Paul Jozwiak
  • Alexandria, VA
Posted

I'm looking to purchase a multi-unit investment property.  Back story is female purchased with expectations that her bf would renovate it and they'd live in one unit and rent out the other.  Well they made it through one unit before the break up.  So the finished one is rented through June 2018 and the other is basically 30% complete (non livable condition).  This won't be my primary residence so homestyle won't work.  Escrow holdback still requires it to be in a livable condition.  Anyone know of any loan options that would work?  I have the funds to complete the renovations.  Just not enough to pay cash for the house.  

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,316
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Paul Jozwiak is there a reason why we can't use hard money here?

  • Andrew Postell
  • Loading replies...