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Updated over 2 years ago on . Most recent reply

User Stats

195
Posts
23
Votes
Ashley Zhang
  • Investor
  • colorado
23
Votes |
195
Posts

need suggestion how to handle this property

Ashley Zhang
  • Investor
  • colorado
Posted

hi everyone, need some suggestions. I am considering to buy a property, 5 acres with a crappy house on it. its best use will be subdivide or simple split of the lot, sell the lot or build multifamily on the land. it's asking for 345k. I have 20% to put down payment, but I will not have any funding to do any of those improvements I want to. whats the best option for to finance the current property and construction? I appreciate ya'll suggestions and help!

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