OfflineDoes anyone know where the money comes from on a no money down deal to complete construction and fix ups? Does it come from you the investor, the seller, or the new buyer? How does it work?
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Money for Rehab
Posted on: Tue, 08/24/2010 - 16:32
It seems to that all these answers are great but these answers are for
wholesales. We as investors also do rehabs ourselves. So if the original is
to ask, where do get the money for rehabs (not wholesale )but doing the rehab
ourself, that money comes multiple options. And yes if the is question is about (rehab money) when doing a whole sale deal, then there no need to worry
about money because the (buyer) you get will pay for that. At this point ,we
just need to do the numbers to show the (buyer)
this only right if I understand the original question
You will need to find money for the rehab from different sources; you can parnter with another investor who can provide the funds; you can borrow money from family or friends and pay them interest on the money once you sell the propery; you can get a loan from a HML (can be expensive, but it may work if you have a great deal and the numbers work).
Valerie
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