Potential first BRRRR
I have a property that's could potentially be my first BRRRR property. I just got married a year ago, we just bought our house 6 months ago, my wife isn't on board (yet haha) and we aren't exactly rollin' in the dough. But I found a potentially great deal. The man who used to live in the house is now in a nursing home and the daughters were cleaning the house out when I met them. They want to sell quick and easy, aren't using a realtor and have no idea what they would sell it for. I have built great rapport and as far as I know I'm the only one she's told they want to sell. I have a pretty good idea of what ARV is going to be and will soon have a better idea of rehab cost and can go from there. If I'm able to get it cheap enough maybe I won't have trouble finding private money but I'm still looking into funding options. I really think this could be a great deal, cashflowing BRRRR in an amazing area, but at the same time I don't want to start us off on a bad note and risk too much this early in our marriage/careers.
Any thoughts, suggestions, tips and advice are welcome!
Any thoughts on partnering on a BRRRR. A friend mentioned that but I'm not sure about it.