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Updated about 8 years ago,
JV with the property owner
I have found a couple of threads on the topic, but looking for any success stories with this strategy. Looking at a deal right now with the following:
- $110K owed on property
- $160K as is
- $35k Updates and repairs for ARV of $235K
Seller is short on cash and can't afford the updates. Any thought on execution would be greatly appreciated.