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Updated over 7 years ago on . Most recent reply

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215
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10
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Ray Agosto
  • Specialist
  • Somerset & New Brunswick, NJ
10
Votes |
215
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Trying to get a owner finance

Ray Agosto
  • Specialist
  • Somerset & New Brunswick, NJ
Posted
Hello BiggerPockets community, first I haven't been here in awhile but I ran into a real estate stump . I recently seen a single family two bedroom house for sell he brought it for maybe 90k and I wanna obtain the property for my first rental but also he didn't really finish the inside up so it's still kinda gutted. My question here is how would I approach him on the idea of owner finance and is it also possible to budget in rehab costs as well.

Most Popular Reply

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493
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427
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James C.
  • Rockledge, FL
427
Votes |
493
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James C.
  • Rockledge, FL
Replied

Ray,

If and only if the property cashflows, then approach the owner directly and tell them what you want to do.

It will either fly or not. Best to determine that sooner rather than later. 

Good luck, 

Jim 

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