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Updated over 9 years ago,

User Stats

7
Posts
1
Votes
Mark Hoffman
  • Fire Fighter / Paramedic
  • Toledo, OH
1
Votes |
7
Posts

Possible first poperty, but where do I get the $$$?

Mark Hoffman
  • Fire Fighter / Paramedic
  • Toledo, OH
Posted

So, I think I may have found a good first property to acquire. So far, I think it'd be the best deal to purchase it and rehab it. It's FSBO. A lawn sign lists the owners phone number with the asking price of $60,000. The house clearly needs work on the outside, and judging by that, the inside will more than likely follow suit. If a walk through goes well, I'd be comfortable making an offer. That being said, the property will likely need about $30,000 worth of work.

I have little or no money. So now my question: Where do I get it? Mortgage it through the bank? Hard money? Please help with recommendations!!!

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