buying triplex in the Bronx,New York, hardmoney,

[Derick O.]

I have found a Triplex I am interested bank own for 361k it would need at least 250k of repairs to make it rentable I believe I can get it for 200k cash. ARV is 600k The cash would wipe me out. I am buying it to hold it long term. I have been pre approved for 400k mortgage. Can't use it for this property since it has no C of O. any advise or ideas on how to proceed? This is my first deal.