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Updated almost 8 years ago, 02/03/2017
Can I get paid at closing for renovations on a multi family?
Hey All,
I've been looking for a small multi family home. I found a triplex that needs some TLC. I will be financing my deal through a traditional 30 year mortgage. The home needs about $20K for repairs. Is it possible for me to get a loan for $20K more than the price the seller agrees to sell the home and at closing get a check either from escrow or a credit?