Updated about 1 year ago on . Most recent reply
Reno gap creative financing
Am buying a 5 unit property for 400k and I'll need about 100k to close and then 100k to renovate. Is it possible to get a gap loan and then a renovation loan then refinance after renovation is done. Arv is about 800k so 75% should cover both and will remain cashflowing. Does this sound like a creative financing method that will work?