Can I get a loan for a property uninhabitable?

[Angel Perez]

Hello I found a property that needs 100k in repairs and was wondering if I could get a loan for an uninhabitable house or should I do sellers financing and finance the repairs?

[Cody Mitchell]

You can use seller financing, or you can use hard or private money. If the property is uninhabitable you won't be able to get conventional financing (through a bank) on it. If the deal is right you can use hard/ private money to finance the home purchase and some or all of the repairs, then do a cash out refinance to pay off your hard/private money.