Updated almost 6 years ago on . Most recent reply
Newbie with a property
New to BP and needing some knowledgeable input. We own a property free and clear that has been completely gutted and could be either a duplex 2/2 or a single family or just unloaded for cash.
Have no idea how to secure financing for build out as all lending institutions want owner occupy. Have been told to just put it all on credit cards and the apply for a mortgage. Seems doable but risky with high interest cards.
Would really appreciate some input on creative financing explore.
Seems like a good place to start to build some equity for our next deal.
Tough love is A okay too.
Don H.