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Updated almost 14 years ago,

User Stats

5
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0
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Joe Foster
  • Real Estate Investor
  • Fresno, CA
0
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5
Posts

I got it, now what?

Joe Foster
  • Real Estate Investor
  • Fresno, CA
Posted

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.

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