Duplex Dilemma questions

[Paul Kelly]

I’m a new investor and My offer got accepted on a duplex listed at 55k with 60 days on market... I offered 38k. It hasn’t been occupied for over four years and is in need of $50,000 of improvements or rehab. Rents in the area indicate this property would generate approximately $1250 a month-or $625 per unit. After repair value would be approximately $125,000 Per the agent as well as my own analysis. What is the best way to finance this purchase as well as the rehab? If I pay cash I don’t have the resources to do the rehab. Are there investors that will finance the purchase and rehab? Any thoughts and comments appreciated.