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Updated almost 6 years ago on . Most recent reply
Best Creative Financing
Motivated seller offers me his fire damaged 23 unit multi family property in a not so good city in Arkansas for $225K. He has repair bids at $425K including roof. The ARV of this property is $925K and the housing authority is willing to pay 110% of the rents. There is also a new casino coming to the city less than 2 years from now that will bring 1000 permanent jobs.
As a newbie with no money and not so good credit, what is most creative financing I can use to acquire this property.
Thank you all in advance!
Most Popular Reply
#5 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Erie, pa
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#5 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Erie, pa
No money ? I wouldn’t do anything but save and do more research . This is for experienced folks with a lot of capital and extensive rehab and management experience