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Updated almost 4 years ago,
Isn't this a deal? Help!
Hey BP community! I need your help. We locked up a seller-financed deal last week. Got a ton of attention but only a few offers. I've only marketed on FB groups (hitting Insta, Twitter & Craigslist tomorrow).
It's a heavy rehab project, 3/1, $47k down (neg), seller holding note at $1k/mo for 3 years (neg). Repairs approx. $50k. Can rent at $2500 upwards when completed. Purchase price $240k (neg). ARV/Comps upwards of $325k.
This should be flying off the shelf! What am I missing? All comments are appreciated!