Money out of this air for killer deal

[Brad Pietrzak]

If i found a 8 plex that needed some renovation and was able to Negotiate the guy to 150k from 350k but you had Not the money or track record for traditional lending or a network of people you know yet to borrow Money from to rehab it and rent the 8 units what would you do to Get enough money to Pull it off assuming that it only needed a avarage of 10 k repairs for each unit 230k How would you Pull that out of thin air

[Andrew Johnson]

Brad Pietrzak In this hypothetical, do what Jerry Evans said. Also, have some grounds for what your ARV will be. You can't say the original lost price because that was obviously wrong if they are selling for $150K. You could also just cash-flow it at the $150K purchase price and let the property self-support the unit by unit renovations as tenant turnover occurs.