I paid cash for a fixer upper, rental property. It had no working appliances and the heat and air conditioning did not work. I could not get a loan on the house in its present condition. Richard of Majestic recommended that I make the repairs and have Majestic Property Management rent the house, with the repairs completed. I was able to refinance the property with Majestic Mortgage Services and pull my cash back out. Now I can purchase another fixer upper to get started on.
more