How Would /should I Set It Up
I have located a property for 47,900. It is in need of repairs but I figure with all of the renovations going on in the area I believe it could sell easily for 70,000 or rent quickly. Now my question is what would be the best way to purchase and manage to get the money for the repairs. Should I refi right away, or take out a separate loan for repairs only, or are there lenders/organizations that will loan enough for repairs along with the purchase. I know this is probably a simple question to a lot of you but I want it to become simple to me too so I can buy more property. Thanks for all advice.
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