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Updated over 9 years ago on . Most recent reply
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Multi- Family Four Unit Dwelling
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,