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Updated about 9 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
Andy Jerez
  • New Jersey
2
Votes |
3
Posts

Found Dream home. but its total rehab n only have $30k!

Andy Jerez
  • New Jersey
Posted

So I found this great HUD Owned large 3 story Victorian Col on corner double lot, one block from waterfront n view from 3rd floor with open and enclosed porches, in the best part of town I grew up. ARV at least $300k today. sold for 405k in 2005. Asking $115k. its a total rehab I have good credit n only $30k on my pockets. Taxes might be a little high at $9k so i might consider just flipping it if someone else have BIGGERPOCKETS. Am a HVAC contractor, I have a great team for rehab. I dont care if I end up with the property for myself.. WHATS THE MOST CREATIVE WAY TO PULL THIS ONE OFF FINANCIALLY?

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