Smartest way to buy this deal

[Christian Walker]

Okay so I want to buy this deal but need the smartest approach to buy it. So I am buying it for 48k, it’s appraised at 60k. I can’t add much to the value, maybe get it up to 70-75k. It has two units on it and can get around $2000 per month before the fix costs. The back building needs a new floor and had my contractor look at it and he said it would take about 3k to fix. The HVAC for the front house is about to go out within the year and will cost 8k, besides that the front house is ready to go, just needs paint in the kitchen. I am thinking of using a fix and flip loan then BRRRing it. The only problem is that when I refi I won’t be able to pay off the fix and flip loan completely. But I want this property because the cash flow is very good. What do you think is the smartest way to buy this deal?

[Anthony Dadlani]

@Christian Walker

Agree with @Brenden Mitchum.  Best way is to bring a capital partner who does not mind being in the deal. Best of luck in all your endeavors.