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Updated about 2 years ago,
General Question - Found a Deal
Hello BP Members!
I am happy to say this is my first post on the forums. I am looking for some general advice or tips from individuals who may have insight into this situation.
I have identified a property that I know can be a great deal due to owner passing away, time on market, and communicating with the agent. I have been looking into this property for months now and I was informed that it was appraised recently at more than it is listed at.
This property is one that could use some minor renovations and increase value and then be rented out. It has an excellent view of the city of Pittsburgh. I have never used a hard money or private money lender. In fact I am currently house hacking a property I bought in January 2022. I do not have the funds to get a mortgage on this property. I figured there could be a strategic way to get a loan and refinance. Does anyone have any tips as of what I could look into as far as next steps, how a hypothetical process could work or who to contact?
Thank you and I look forward to hearing any advice!