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Updated over 9 years ago on . Most recent reply

User Stats

73
Posts
10
Votes
Neil J.
  • Investor
  • Essex County
10
Votes |
73
Posts

Funding a buy & hold property?

Neil J.
  • Investor
  • Essex County
Posted

Hello BP family,

I'm a wholesaler from New Jersey and I recently got a small commercial building under contract. I thought to myself what a great property to start building wealth. I've gotten seller to agree to a pretty cheap offer. But if I wanted to actually purchase the property to hold, how would I fund the repairs? 

I know hard money lenders are used for flipping purposes, but what if I wanted to rehab and keep the property for cashflow? 

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