Looking for opinions

[John D.]

I am in the process of purchasing a property that was listed as an estate sale in PA.  

Cost-$55,000

ARV-$140,000

Rehab work-$40-$50K

It will be a cash sale.  I am leaning toward a flip and the process may take between 6-8 months.  My issue is that I can come up with the other $40k-$50k in cash to rehab but I do not want to if there are better ways.  Both mine and my wifes credit scores are around 780.  

What would the BP community do?

Thank you all!!!

[Nicholas Armstrong]

Originally posted by @Tyler Wehrung:

John Daniello,

Look into 403k loans; they give you the ability to finance rehab costs into the mortgage.  I'm not sure how it would work if your purchasing the house in cash, but it could be worth checking out.  I'm not an expert on 403k, but have a few friends who have had success with them. 

Good Luck!

Don't quote me on this but I believe 203(k) loans are owner occupant only.