Q: Gerald, I found a good deal on a house that needs renovation. What’s the best way to finance a rehab? Derrick, Sparta, NJ A: Derrick, when you raise or borrow money, particularly on a rehab, the devil is in the details, so the best financing route will often depend on the terms. Generally speaking, you can try to raise money by taking on debt or you can partner and give away equity to raise money for the rehab. The best way to finance the rehab will depend on your financing agreement or your partnership agreement and the specifics of your real estate deal, for example, the amount of time you expect will be required to renovate and sell the […]
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