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Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Kyle Griffin
  • Entrepenuer
  • Grovetown, GA
1
Votes |
7
Posts

Multi- Family Four Unit Dwelling

Kyle Griffin
  • Entrepenuer
  • Grovetown, GA
Posted

Hello Everyone,

I need some help in regard to this: 

The property is a four unit all single metered 1 bedroom and 1 bath. The seller would like to sell the property for $90,000.00. 

The tax value of the property is $165,000.00. Currently all occupied.

I was wondering if possibly looking in to hard money lending would be a good advise. I would do about $20,000 in repairs. Don't have the money for the repairs so going through a hard money lender might be ideal. Please help me with some information on if this would be a logical thing to do. I don't want to sale the property but hold the property and refinance out. How long would I need to be at my present job to refinance?

Thanks,

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