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Updated almost 5 years ago,

User Stats

41
Posts
6
Votes
Damien Papillo
  • Rental Property Investor
  • Newark, DE
6
Votes |
41
Posts

Seller aggressively firm making it difficult to brrrr

Damien Papillo
  • Rental Property Investor
  • Newark, DE
Posted

The seller owes 46,000 on his property and is looking to walk away with 100,000 cash I was trying to Brrr this property. I was getting an additional line of credit to help with closing costs the seller is firm on not coming down on his hundred thousand dollar to walk away with he is retired and saying he will find someone else. I was approved for 162k and remainder of the money was supposed to be for rehab. the house has an ARV of 204,000.

This house is practically turn key ready. Should I just purchase my first rental and start renting it out or wait until I find the right brrr deal?

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