Updated over 18 years ago on . Most recent reply
financing questions on 1st rehab
let me begin by thanking everyone involved and particapating in this website! great place for info!
i'm currently in the process of buying a 2 family home with 2 additional store fronts. this is my first venture into real estate investment so please excuse me. the property is listed on Zillow.com for $191000 the owner has agreed to $90000 in as is condition. the est. cost to rehab the property is $60000. i will be doing alot of the work myself so that price will be coming down closer to $35000. my question is if it is possible to setup the financing to get cash on hand for the repairs or does the money have to go into escrow. thank you for your time.