Cash closing on rental property

1 Reply

So I made this offer on a hud home and they accepted my offer, the price was great, really nice tax value. Should I go through my bank or find a private lender for my repairs. I’ve done well up to now without banks.

@Theresa Holt

Are you purchasing the HUD home with 100% Cash?

Most people on this website like leverage/borrowing so they would answer to borrow the money for repairs/improvements?

If this is an investment property - your cash on cash return will be higher if you use leverage. It can also be considered more risky.

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