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Updated about 9 years ago on . Most recent reply

Drew Sommers's profile image
Drew Sommers's profile image
Drew Sommers
  • Rental Property Investor
  • from San Diego, CA
  • Member since Dec 9, 2015
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7
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Drew Sommers's profile image
Drew Sommers's profile image
Drew Sommers
  • Rental Property Investor
  • from San Diego, CA
  • Member since Dec 9, 2015
Connect
Drew Sommers
  • Rental Property Investor
  • San Diego, CA
2
Votes |
7
Posts
Rehabbing & House Flipping

Any way to get cash for repairs + mortgage?

Drew Sommers
  • Rental Property Investor
  • San Diego, CA
Posted

I'm looking at a 4 plex that is in complete disarray.  I know for a fact I need a new roof on the property.  The cabinets, and  a lot of drywall work will have to be done as well.  The plumbing and electrical seems to be OK.  I was given an estimate of about $25k.

Does anyone know of a loan program that allows you to get cash at closing to cover the cost of repairs?

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