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Updated over 2 years ago,

User Stats

43
Posts
8
Votes
Naeem Barbour
  • Chicago Heights, IL
8
Votes |
43
Posts

How to execute deal that makes sense (funding)

Naeem Barbour
  • Chicago Heights, IL
Posted

Hey guys I came across a deal that fits my criteria. I found a property in Ohio that is a 15% cash on cash return the asking price is 43K its worth 75K and only looks like it needs about 15k of work in it. Currently it rents for 900 a month on section 8 and with a few 10k added it can increase rents to 1033/month. After ruling out some factors the deal still works. How would I go about funding this property being that I don't have 43k just sitting around and I dont think any one lends that low. Maybe a partnership or lending? Currently after everything is paid the cashflow is $450. if I get a partner how would I pay them back? Need an experienced investors input on this.

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