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Updated over 5 years ago, 08/01/2019
How to fund this deal
Okay, so I need help in trying to figure out how I can find my first deal. I’ve been stuck at the finance part of this whole process. I’m an Agent with an investor mentality just haven’t taken the plunge yet, primarily trying to get my financials in order a bit before I do. However, I found a deal I really want, it’s a modular on 2 acres and a pole barn, mostly cosmetic uplift and roof. The location is sooo good for this! Details below:
Purchase price - 70k
Rehab cost - 30k
ARV - $140k
Side notes: not a huge profit potential but I would love to just get my feet with this one as I’m very confident in my numbers and the location being a Realtor here I understand this market.
Any suggestions on funding this deal ?
My credit score is not very good. 640
I have 10k in available funds and some in my SEP IRA and credit cards.