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Updated almost 6 years ago,

Sofia F.'s profile image
Sofia F.'s profile image
Sofia F.
  • Member since Apr 22, 2019
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Sofia F.'s profile image
Sofia F.'s profile image
Sofia F.
  • Member since Apr 22, 2019
Connect
Sofia F.
2
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Posts
Real Estate Deal Analysis & Advice

Help me analyze a deal

Sofia F.
Posted

Hi! I'm looking to get my first deal. Found a 2br-2bath $120k, that needs some reno (around 20k-30k) to make it more up to date. The comps around this South Jersey property go around 200-230k. I'm not sure exactly how to finance the rehab (maybe a 203k FHA loan)? This is a Fannie Mae property, what does that mean and how does that change the deal?

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