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Updated about 3 years ago, 12/06/2021
Does this sound like a good deal(Off market triplex) ?
I found a distressed tri-plex in Zion Il with a motivated seller. The after repair value is around 190k and seller willing to sell to me for 90k as long as it is a quick and easy sell "without the bank". I'm assuming he wants a cash sale but I believe a hard money lender could help me acquire this property. The estimated repairs are $40k. I don't have any experience I just been reading Real Estate books but this deal fits the 70% - rehab cost rule.
How can I find financing for this property and be able to do a fast close?