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Updated over 4 years ago, 07/17/2020
Distressed Sale- investors needed
Okay BP folks, here goes nothing.
I have an opportunity to purchase a home in a nice neighborhood of Denver for 200k. I will have to fly out and get a true inspection to see how much work actually needs to be done, but it's looking like a full gut. From what I gather, I'm setting my "worst case scenario" rehab at 150k. The ARV on this property, especially with modern appliances, is about 420k. This job looks like a no brainer, but I am in need of financing.
Thanks to any and all that offer advice and kind words. Love this community!