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Updated over 10 years ago,
1st Time Buying Multi Unit property +10
Have SFH rental experience, however an opportunity to purchase a multi unit REO has come across my way. I personally think the asking price is too high as the property NEEDS work and is not fully rented. After repairs would definitely increase the value.
Clueless as to where to begin on how to analyze the property and present an acceptable offer.
What numbers should I be asking for? How and where do I go for funding? Hard Money? etc.
Any constructive advice will be greatly appreciate.
Thank you & have a blessed day...