I got it, now what?

[Joe Foster]

Here's the skinny.

Couldn't get 100% financing, so I got a super deal, got a 65% 1st and put up the rest (all my money). I would be but it's a great deal.

Time to rehab, needs 21k and I have nothing. What are my options. I'm still trying private funds.

Can I refi, get it tennant ready at least and fill it?
Should I try to get my money out just to do it again?
Is there something I don't now about that may save me?

I quit my job, and moved back to the u.s. to do this full time. I will be rehabbing and investing in real estate as a profession. So I figure, I have a problem, I need a solution. There is always more to learn.

FYI property cost 38k, needs 21k sale price is 85k all day.

Any help/wisdom is greatly appreciated.

[Uwe S.]

Make a quick mental calculation, you bought a propertie with financing put in all your monay and now you have nothing to rehab it? What is the point of that?

You can purchase this propertie if you have these additional $21k but with nothing make no sense at all.
Refi is not possible I guess you must own house for more than 12 month, also you need rental income of this house, without rehab implemented you have no income. This should be inoperative in my mind.

Maybe other BP member have different view.

-Uwe