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Updated almost 6 years ago,
Rehab and hold rental
Hey guys!! My name is newton! I am north of the boston area and I am excited to get started investing and change my life for the better!! I wanted to get some suggestions and/or opinions on a potential fix and flip. The basic history of the home to the best of my ability is, 1 home was purchased in 2001 then sold again in 2004. The current appraised value of the home is “318,000”. The home was not able to sell and had a foreclosure. The house then went to auction and the current paperwork is determined was not sold at auction so it is bank owed! My question now is how would I be able to purchased the home with little or no money down. And involve a lender to help possibly purchase and finance the rehab??? I have passed by the home and got a look and I must say it will need some heavy work?? Any ideas or strategies??