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Updated almost 4 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Lori Bouska
  • Real Estate Investor
  • Cedar Rapids, IA
3
Votes |
7
Posts

Taking over owner’s loan...but there’s also rehab.

Lori Bouska
  • Real Estate Investor
  • Cedar Rapids, IA
Posted

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.

  • Lori Bouska
  • Loading replies...