Fixer upper needs cash buyer

[Account Closed]

Hey so what's the best plan of action if you find a great flip or brrr but the property is in such bad shape no bank would finance. Help. Thanks in advance !

[Rochelle Ray]

First of all make sure your numbers truly work. Consider getting a second opinion. Then if it is a green light, get OPM (other peoples money), a partner on the deal, Hard Money Lender, a HELOC loan if it applies to you, use your 401K or IRA if it is self-directed. Also try Crowd Funding or if it is cheap enough use a ton of credit cards, family money and Prosper Loans and get the deal done, later refinance! Be creative. There are a lot of ways. That is the beauty of being a real estate investor. Hope I got you thinking! Oh, you can also consider wholesaling the property.