Duplex with one unfinishes unit.

[Boris Alayev]

Hey Guys,

I have a great deal that I want to take advantage of in an A- area. House is duplex with one unit rent ready. The seller has POS violations that need to be taken care of but the price is right. The second unit just needs kitchen cabinets/sink/toilets to be ready and all material is nearly stored in the unit.

I want to finance this deal instead of going cash or 203k (I won't be living there). Few bankers I talked to said the POS violations if minor is not a big deal but the unit that's not finished would not fly.

How do I get this financed without hard money loans?

Btw I have access to my HELOC but rather try to get a mortgage if possible as I would need the cash for the rehab on the two deals I'm working on.

Thanks in advance.