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Updated over 4 years ago on . Most recent reply

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Nana Weeks
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help i'm new any advice will be appreciated

Nana Weeks
Posted

just saw a property in my area i am interested in. i am a rookie at investing. is it adviceable to use private money or hard money to fund this deal. it is a duplex if that makes a difference.

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Odie Ayaga
  • Specialist
  • Delran, NJ
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Odie Ayaga
  • Specialist
  • Delran, NJ
Replied

That is a lot of unanswered questions. Are you planning on moving in? How much will it cost? How much rehab does it need? Can you qualify for a loan? How much can you put down? Why are you interested in it? Is it a flip or a rental? What's the ARV? It sounds like you could benefit more from a lot more education at this point than getting involved in a deal that could be too big for you right now.

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