Best financing strategy when you need to rehab?

[Kevin Darlington]

I've been looking at a number of different properties and hope to make an offer in the next few weeks. As I've spoken to a few traditional mortgage companies, they've made it clear that they will not lend to me unless the property is move in ready. So, my question is, if I need to to re-hap prior to putting occupants in, do i need to make this an all-cash deal?  Are there other ways to finance? Any insights are appreciated-many thanks!

[Jason D.]

You could use a hard money lender, a private lender, or some sort of seller financing option to get the deal done. If you plan to live there, you could also look into FHA 203k loans.