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Updated 3 months ago, 08/07/2024

Julian K.'s profile image
Julian K.'s profile image
Julian K.
  • from Pittsburgh, PA
  • Member since Nov 19, 2016
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Julian K.'s profile image
Julian K.'s profile image
Julian K.
  • from Pittsburgh, PA
  • Member since Nov 19, 2016
Connect
Julian K.
  • Pittsburgh, PA
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12
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Starting Out

Opportunity - Need Help

Julian K.
  • Pittsburgh, PA
Posted

I have an opportunity to purchase a home around 350k from a seller I know. The home is as is, so it needs some repair. The ARV would be around 530k. I am thinking the repairs would be 80k.

How should I go about getting a loan?  I understand that conventional loans doesn't account for repair needs.  

Also, how should I present the offer to the seller considering that this isn't all cash?


Thank you

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