Updated about 16 years ago on . Most recent reply
Low $ property financing options
I would like to present the followingscenario and see how the board would recommend to do this deal.
Condo In Georgia: 25k.
Needs about 3k in repairs/upgrades to bring to full value around 75K. to 80k
Similiar unitis rent for $750 to $850.
No HOA fees
Taxes $850
I have the cash to buy it clean, but want to get my money out ASAP. What would be the best way to structure this?
Should this be purchased cash and then refi cash out after seasoning?
Try to find a coventional loan with 20% down(I doubt I would be able to find a bank willing) and do rehab work out of pocket?
How would you go about gettingthis done through a corp?