Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 18 years ago on . Most recent reply
Financing for rehab...
I am looking at a possible property for my first rehab.
I am going to put an offer of 30k.
I estimate 15-20k in repairs.
Houses on that street are selling for 90k-145k
Those numbers seem to sound good.
I have a good amount of experience in construction and feel comfortable I can do all the work myself (with the exception of electrical, should any electrical need to be done I will hire a certified electrician).
My main question is what the best route of financing would be. I don't have good or bad credit, so pretty much no credit. I typically purchase everything with cash and have no credit cards. I don't own any other properties. Anyone have any ideas what would be the best way to get money for the purchase of the house and the cost of the rehab?
As I said, this will be my first rehab investment and I welcome any warnings, concerns, ideas, criticism, etc.
-Martin