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Updated about 8 years ago,

Pat McCandless's profile image
Pat McCandless's profile image
Pat McCandless
  • from Newington, Connecticut
  • Member since Aug 30, 2016
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106
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Pat McCandless's profile image
Pat McCandless's profile image
Pat McCandless
  • from Newington, Connecticut
  • Member since Aug 30, 2016
Connect
Pat McCandless
  • Newington, CT
20
Votes |
106
Posts
Real Estate Deal Analysis & Advice

Help!!

Pat McCandless
  • Newington, CT
Posted
Help!! Found a duplex in Dayton OH for 35k. Property should appraise for 55k seller is going through divorce and needs to liquidate. It is fully rented he had put 15k into it. What are my options since I don't have the cash to purchase outright? Would a bank lend conventionally here or is that not an option at this price range? My thought was if it was possible, I could try to find private funding to purchase the property and then refi for a "no money down" since 75% of ARV is greater than what he's looking to get. Thoughts? Advice?
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