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Updated over 1 year ago on . Most recent reply

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Jaimese Morris
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1
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Rebab Costs for Non owner occupied

Jaimese Morris
Posted

Hey, 

So I have my Eyes on a property for a very low acquisition price. I can buy it cash tomorrow with no issue. Where the issue comes in is the Rehab costs. I will need about 70k to rehab the property and I can buy it at about 30k. The ARV for the property fully rehabbed is about 175k. So the margins work.
Only issue is I am having a hard time trying to secure the rehab costs. Any ideas on how I can go about this. Or does anyone worth with a place that will fund this type of deal. 

All answers welcomed 

Most Popular Reply

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216
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Bill J Fay
  • Lender
  • San Diego
209
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216
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Bill J Fay
  • Lender
  • San Diego
Replied

It sounds like either partnering with someone, or using a hard money lender would be two great options to get this project done. Take a look at the Find a Hard Money Lender - Best Hard Money Lenders Near Me (biggerpockets.com)

  • Bill J Fay
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