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Forums » General Real Estate Investing » Rehab Loan?

Rehab Loan? Subscribe to Rehab Loan?

3 posts by 2 users

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Michael Barger

Real Estate Investor · Avoca, PA


Forum_avatar_avatar-michaelbarger

Icon_minipost Aug 19 '08, 07:56 AM

So I came across a deal I couldnt refuse. Owner is pretty much giving the house a way. Well for a couple thousand. The problem is the house needs some rehab. I would say between 30k-40k. Only problem is I dont have that much extra money sitting around. What would you recommend me doing to complete the rehab on the deal.

Edited: 06/26/2010 at 05:43AM


Jon Holdman

Real Estate Investor · Denver, Colorado


Forum_avatar_avatar-wheatie
ModeratorPro

Icon_minipost Aug 19 '08, 08:00 AM

Are you planning to sell or rent? Hard money, then sell or refi if you want to rent is a possibility. What's the ARV and rent? What is "giving it away"?

Edited: 06/26/2010 at 05:43AM

Small_flying-phoenixJon Holdman, Flying Phoenix LLC


Michael Barger

Real Estate Investor · Avoca, PA


Forum_avatar_avatar-michaelbarger

Icon_minipost Aug 19 '08, 08:13 AM

I normally would buy and hold but I think I am going to sell this one if i do purchase it. Its an older guy that owns it. Said nobody has lived in it for a few years. I took a quick look inside today. The place is trashed. It's in a fairly good neighborhood. I am not too familar with the area. I am trying to find comps online. I will update once I find some.

Edited: 06/26/2010 at 05:43AM


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