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Updated over 3 years ago,
Financing Rehab Options
Hi BP,
Looking at a duplex in Everett, WA for 500k. After inspection I realized it needs a lot more work than I thought. Will need updated plumbing, electrical, potentially a foundation fix in addition to new windows and basically a full remodel of the upper unit. Estimating between 40-80k depending on what gets done.
With the price of the house I wont have money to fund the rehab. What are some solid options for financing? Hard money, bringing in a partner, etc