Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago on . Most recent reply
Sheriff's Sale Conundrum
I know that time is short but I have found a property that will be at a sheriff's sale in a few weeks with a starting bid of around $20k. The property was assessed at $48k last year and will probably need to be renovated before anyone would want to live in it. The average property in the area is around $180k and great for renting. I figure I could sell the house to an investor for a pretty decent profit. My issue is that at the moment I could only cover the 10% upfront cost of the house and would have to finance the other 90% somehow. Any advice on how I could make this deal work?
Most Popular Reply
Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
- 62,734
- Votes |
- 42,623
- Posts
Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
get a partner.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners