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Private Lending & Conventional Mortgage Advice

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Joseph Bernal
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10
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Getting Financing on Multi-Fam that needs repairs

Joseph Bernal
Pro Member
Posted Nov 20 2019, 10:09

Hey all! I am new to investing in rental properties and have a goal of acquiring my first Multi-Fam in 2020. There is a TriPlex I am interested in pursuing after running the numbers. I want to finance my first deal and the seller is good with accepting offers from buyers that will be financing. After taking a look at it, the roof is going to need repair for it to pass appraisal. Does anyone have any ideas on how to get financing on properties that need repairs to get a loan? FHA 203K is not an option as I will not be living in this. Thanks in advance!

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