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Updated about 9 years ago,
Owner financing advice needed
I am looking for financing advice of any kind. owner financing is the first thing that came to my mind. I am hoping you guys/gals can help. Here is a quick picture
I found a home that I am interested in. It appears it was purchased by an investor. Demo was started but not complete. It also appears the owner used private money. The house has been listed for over 150 days.
List price 32,000
Rehab 30k (an educated guess at this point)
ARV 85k
3/1 1200 square feet
Safe rent 850
I don't have many detail at this point. I would go at this as a flip but would really consider as a buy and hold also. I have only done flips but want to get into buy and hold.
Any suggestions/advice on financing. I was thinking owner financing would be a good starting place.
Thanks