New to investing and I have an opportunity!! What would y’all do?

[Matthew Bell]

So I have this investor wanting to buy a group of houses but can't buy separate. He wants to sell me one for $30,000 in an area where the ARV is around $120,000 to $135,000. But the house needs $60,000 worth of work to get it to that. It looks like a good deal, but how would y'all go at acquiring the property? Would y'all pay straight cash for it all or would you let the bank pay for it. I plan on refinancing to get my money out. Also would yall keep it and rent it out or just flip it? I'm new to investing so any advice would be great. Thank

You!!

[Ronald Allen Barney]

@Matthew Bell Another question is if the $60k figure comes from a GC you can trust or is that the other investor trying to make the deal look attractive? What if you pull the trigger and a real contractor says the rehab is $90k? Nail down all numbers in your equation to make sure they're really what you're looking at. BRRRR versus flip is driven by home values relative to rent, obviously. In any situation where you can get bank funding get it. The more cash you save the more deals you can buy.