If I want to buy a rehab home what are the strategies I could use to purchase the property first ? conventional loan or cash only offer also can I use a private money lender to fund the whole deal? Buying the house and rehabbing it?
A lot of times private lending and hard money will be the only ways to get a deal done quick enough to purchase a distressed property in todays market. Usually they want quick sales.
There’s also Lines of Credit if you have other properties. Im in the process of pulling HELOCS on all my properties now while the current values are high. Going to use the line of credit for my next RE purchases and rehabs... then refi and pay HELOCS back.
Theres also HELOCS for those who own existing properties.