New deal need roof replacement.

[Raff Westbank]

Greetings:

I am in a process of purchasing investment property but no contract yet. I did my homework on the property and found out from my Insurance Agent that roof shingles would have to be replaces because no Insurance would carry out policy on this property once I acquire.

So we are about to sign a contract with a seller that has no cash reserves to be able to replace roof shingles. My dilemma is that I need roof replaced before the closing date so I can find insurance to cover this property. I actually know the seller and willing to lend them money but want to hear if anyone else has a different approach about this scenario.

Thank you in advance.