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Updated about 9 years ago on . Most recent reply

User Stats

111
Posts
29
Votes
Jefferson G.
  • Investor
  • Matawan, NJ
29
Votes |
111
Posts

Money lender on rehab cost only

Jefferson G.
  • Investor
  • Matawan, NJ
Posted

Hi fellow BP advocates,

   I have a question, is it possible to only loan the rehab cost? If I am able to do lease option/seller financing that seller let the loan in place and I will pay the monthly mortgage until I am able to flip the house.

Most Popular Reply

User Stats

103
Posts
49
Votes
Ram Gonzales
  • Investor
  • San Antonio, TX
49
Votes |
103
Posts
Ram Gonzales
  • Investor
  • San Antonio, TX
Replied

Not sure I completely understand your question but if you are asking if it's possible for you to get funds for just the rehab, then yes depending on the equity available. I'm an equity investor so I fund rehab only in exchange for equity in the project. I get paid out when it sells or is refinanced.

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