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Updated over 3 years ago,

User Stats

24
Posts
2
Votes
Matthew Bell
2
Votes |
24
Posts

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

Matthew Bell
Posted

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!!

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