Non functional triplex financing

[Garrett Olsen]

Hey guys, So I found this triplex that is on the market for $290,000, the seller has redone the dry wall, roof and windows. The property is an open slate to design the units how you want, the thing is that its not functional or unlivable. To get a conventional loan the property has to be “functional”. My leander says we can do an escrow and make the property functional before closing but thats money out of pocket. We can also make an offer and say the seller can finish the property and we buy when its done he is okay with that, but I want to design the units the way I want it. Im wondering if there is anyway to wrap the construction cost into the loan even though the property is “not functional”. I appreciate the help! Thank you