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Innovative Strategies
HomeForumsInnovative StrategiesSub2 Deal that needs REPAIRS. Take or pass?
David Morgan's profile image
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David Morgan
  • Specialist
  • from Chicago, IL
  • Member since Jun 20, 2019
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David Morgan's profile image
David Morgan's profile image
David Morgan
  • Specialist
  • from Chicago, IL
  • Member since Jun 20, 2019
Connect
David Morgan
  • Specialist
  • Chicago, IL
6
Votes |
29
Posts
Innovative Strategies

Sub2 Deal that needs REPAIRS. Take or pass?

David Morgan
  • Specialist
  • Chicago, IL
Posted Oct 25 2019, 16:43

I'm thinking of doing a sub2 with a lease option exit for a property that has about 50% equity and needs about 20-30k in repairs. Could I have the owner take a HELOC for the repairs?

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