Financing a Local Deal

[John Rody]

Hello, I found a great deal with my business partner. We have the money to put down at least 20%, however we would need a loan for the the rest plus renovations. The house is not in livable condition so conventional financing is out the door.

I know hard money is an option but we would be paying minimum 9% interest for that.

Any ideas on creative financing for this?

Note: I am in Pennsylvania and my partner can do the majority of the work himself.

Thanks so much for any help!

John