Your ability to identify properties and markets where you can generate equity (both imputed and appreciated) while using debt responsibly and knowing when is most appropriate to sell is how you acquire more real estate. 

Given your assumptions, you are not going to be able to get enough of a loan to fully cover the rehab, even with a hard money loan, so you'll need to pull in cash from elsewhere.One possibility is to have your mom sell you the house with a personal loan, not one attached to the property. 

🤔I misspoke. 74% of agents did not sell a home*  

Im British and have been in Dubai for 13 years also selling real estate at Keller Wiliams so very happy to help with any questions you may have.Hi Raju so sorry just seen this message now. you can find me online and directly DM me in that way.

Maybe a mom & pop owned small multi-family can owner finance or sell to you with some guidance for the transition.

I told her no and then she told me to sell my crypto, sell my stocks, apply for credit cards and offered me financing.

It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.

Purchase price: $2,000 Cash invested: $60,000 Sale price: $91,000 Bought this one from WCLB with the intention to fix it and sell on market to homeowner.

Will you need to sell the property?

This means I can sell my share independently.