Real estate purchase concern

[Louis Barjon]

Good afternoon i am close to closing on my first investment property but i am honest scared and unsure with the market if i should continue. The property is a 2 family hud home. My appraisal  prior to the rehab being done thru a 203k loan came out short n now i have to bring a extra 1000$ to closing to make up the different. Is there any chance you can contact me so i can better understand if this is a good opportunity or not.

[Melissa Nash]

This is a deep deep question not easily answered. You need to ask yourself this question:  does the deal cashflow after rehab? It doesn't matter what you pay or bring in? What is your exit strategy here?  I close on deals all the time where I drop anywhere from 10-25% + plus closing costs to close it. Different properties, different strategies, that doesn't matter...... what does the property cashflow when complete and what is the return? that is all that you should be looking at to make sense of it. Then everything else is gravy.