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  • Soraya Hernandez

    Hi I recently read an article you wrote on FitSmallBusiness regarding rehab loans for investors. I recently bought a home through an auction, planning on paying for this property cash. Now I do not want tie all my cash in the rehab so I am looking for the best option on how to fund the rehab project with a loan. The purchase price was $102K is a single family home, we are estimating rehab of about 35-40K. We have looked at the comps and single family homes with similar characteristics are selling for about 220-240K. My question is, what kind of loan would work best? 203K Loan, a home equity loan (is possible since we will have 100% equity), personal loan, home renovation loan…etc. Please let me know your thoughs.

    Thank you in advance