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Updated over 5 years ago on . Most recent reply

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6
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Jermaine Mitchell
  • Erie, PA
1
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6
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NEED HELP ON FIRST DEAL!!!

Jermaine Mitchell
  • Erie, PA
Posted

Hey everyone! I just joined the bigger pockets community and am excited to learn and, hopefully, give info back into the community. I have a multi family deal in Erie, PA that I am about to put an offer in for but have a few questions:

1. What do I put as contingencies in the offer? I want to do an inspection and a rent roll but are there other things to add as contingencies?

2. I love the deal but have been struggling with financing the upfront cost. What are the best options to finance a BRRRR without doing an FHA 203k? Is seller financing possible?

Any help would be greatly appreciated! Looking forward to learning from yall!!

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Dennis M.#5 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Erie, pa
9,407
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6,023
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Dennis M.#5 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Erie, pa
Replied

In fact I’ve got a triplex and I’m selling on East fourth for 52 that makes $1500 a month

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