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Updated over 5 years ago on . Most recent reply

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Darla Love
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First investment! Help please!

Darla Love
Posted

I have purchased my first property. Here is my deal: I purchased a HUD property with a known plumbing issue. The HUD docs say that is a problem that is less than 10k to fix. I dont have the cash on hand to fix it. So I am torn between going the 203 route or using credit cards and refinancing once I have done the necessary renovations. I bought it for $62k and the comps in the area are $105k. I am new to all of this and could use some advice. Help please!!!

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