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Jaki Ollango
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To refinance and rent or to sell as is

Jaki Ollango
Posted Jan 7 2020, 11:21

I got my 1st property from a wholesaler. We did foundation repairs and some cosmetic upgrades but unfortunately we have not been able to sell as twice the buyers have said their inspectors noted issues. We have pulled the property from the market. My dilemma is we ran out of money to do anything else. I am thinking my options are either to try and sell as is or to try to refinance and rent it out. If it is selling, what is the best way to find a buyer to buy it as is? If it is refinancing so as to rent, would a conventional lender do it seeing that the inspector feels more work is needed? The property was paid for by hard money lender hence the urgency. Also, the property is in Sanger, TX 76266. Thanks.

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