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Updated about 4 years ago, 09/13/2020

User Stats

16
Posts
1
Votes
Ryan Rader
1
Votes |
16
Posts

Found a good deal, struggling to find the money

Ryan Rader
Posted

I recently found a single family home that has been fully gutted and on the same property is a triplex (they started converting a quadplex to triplex). The property needs a lot of work and repairs. Comps in the area are between 365k and 799k. I believe I can get the property to about 100k. My issue is I need about 250k - 270k all in to get it back to rentable state. At the end of the day this could be a 5 - 6 unit property with rent between 800 - 1000 a month. Close proximity to multiple universities and colleges and in a great area. My question is how do you find investors and/or financing for something like this? 

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