Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Natarra Reardon
1
Votes |
2
Posts

Found a jewel but have not finance

Natarra Reardon
Posted

Have a off market property with a extremely motivated seller.

Home does need

- Basic clean out, HVAC repairs, maybe some paint, a few other minor things done but for the most part it's move in ready, in a very nice location, double city lot, also have an opportunity to rent out by the room for x3 what the average rent is in my area.

I'm lost to what approach to take as I've not yet been approved for financing.

I still need to get an inspection but I don't want to contact the seller until I have my ducks in a row. I also have FOMO.

Any advice would be greatly appreciated.

Most Popular Reply

User Stats

4,146
Posts
3,825
Votes
Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
3,825
Votes |
4,146
Posts
Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Natarra Reardon Before we jump to conclusions what's purchase price and ARV once you make repairs, paint, and fix all the issues? Are you moving into the property, flipping, or renting? I would focus on the numbers first, suppress your emotions towards this opportunity, justify the investment, then talk about finding money.

Loading replies...