What Would You Do?
I have a 2nd deal coming my way that I cant pass up. House is worth 70 to 80k when rehabbed. Needs no more than 10k in work. Asking price is 25k. This would be a great house to rent out but I would more importantly like to use the equity to buy other properties cash. Anyways, Im looking for zero down and the closing costs rolled in. What is the best route for1: If I already have the money for the repairs, or 2: I would like to get one loan for cost of house and repairs. and then after repairing, take 80% of the equity out. What would you do?
PS: I cant receive PMs.
thanks
Nick
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