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Updated over 17 years ago on . Most recent reply

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Hey Guys new to the game and already missing out

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Hey guys, Im Dustin just moved to Durham, NC from Orlando, FL and wanted to get straight into realestate when I got here but things are not the same here as in florida :crying: , I found a deal a few days ago in the wake county area 4bd 2.5bath 2970sqft 3/4acre lot for 225000 the arv was 372000 but when i went and looked at it it was beautiful house but really needed some attention my estimates say about 70-85k of attention which isnt an issue there is still a profit to be made but my HML would only put me to 260000 and theres no way I could pull it off with that kind of difference I thought about taking on a partner but being new to the area I didnt know where to start so I thought I would pop in some forums to gain a little more knowledge so I dont have to pass up anymore deals and ofcourse I need to build up a cash cushion on some smaller deals first. Any info is greatly appreciated.

Thanks,
Dustin

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