I own a duplex in need of major rehab. Loan options for fixing?
Hello everyone,
I own a duplex that is in major need of rehab… I recently put a new roof and new doors and windows on it… However, the interior has been completely gutted so it still needs about $40,000 worth of work…
I would like to finance this, but because this is not a first purchase, I am in new territory with regards to loan options… I wonder if someone could help advise me on the options that are available for financing this rehab? Include strategy for extra kudos!! :-) thanks!!
Note: It was owner financed, and is basically free and clear (no mortgage). I don’t want to put up my own cash. I plan to rent it out ASAP.