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Updated almost 4 years ago,
Taking over owner’s loan...but there’s also rehab.
Came across a situation where someone needs out of their loan, and is willing for us to take over the loan/payments.
However there is about 150k worth of rehab to do because of mold. I can get specifics if you need them, but mainly I’m curious how to finance. I’m debating hard money for rehab then refinancing afterwards but was wondering if anyone else had any ideas.