How would you fund this deal?

[Scott Gordon]

Long story short, had an off market triplex fall into my lap from a friend of a friend. Had a horrible experience as a landlord and has been living in the place for 4 years with 2 units empty and already bought a new house so he’s paying double right now.

Asking $200k (willing to negotiate a little more)

Appraised for $230k in 2018 in current condition

$35k in renovations needed

ARV conservatively is $250k, more likely $275-285k.

Rents would be $2200-2500/month once fixed up