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Updated over 10 years ago,
I need help with an my first deal
So recently I have come across a property in Saint Louis mo. The property was appraised at 187k as is. I do not know how to do the arv but the appraiser that i have gotten to know well recently told me that I could do a light rehab and put in new carpet and sell it for close to 200k. I have got the people to agree to 128k for the house, but I just lost my job so i cant get traditional financing now. I need help with what I should do with this. I would love to rehab it if i could. I have a wealth of info on contracting as i have been a contractor for 15 years. Does anyone have any ideas of what the best way to do this deal would be?
Ben