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Updated almost 5 years ago,
Funding Potential Rental Property -- HELP
Hello,
This is my first time buying real estate for rental income. I have a little reserve on hand. I am currently looking to get under contract with a property (Duplex) that will potential net me gross $1600/mo.
I am hesitant with getting under contract and cannot fulfill the obligation of closing due to financing. I have tried hard money lenders but repeatedly denied because what I'm asking for is under 100k Anyway i can go about getting this funded with little to no cash down?
I want to close fast or get under contract fast and with confidence because the seller has other interested parties.
Scope:
Listing: 51k
Purchase: 40K
Rehab:40K
ARV: 126k