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Updated about 6 years ago on . Most recent reply
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Have a motivated seller home fully renovated
I have a motivated seller who fully renovated home 3bd 2bath with master suite
Asking 69,000 she’s willing to negotiate price
It’s no repair , it’s a buy and hold investment
Finding out how much property worth?
Fairly new this would be my first deal
Most Popular Reply
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Simon W.
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I thought you were buying and holding. Something is off if ARV is $180k and she is selling at $110k "loss"
If the NUMBERS are REAL, if I were you, then I would buy it for myself and quickly get a LOC with it. You can have a 70% LTV to get $126K to invest in other properties.
But the numbers you are giving is off. I think ARV is overshot by $100k. Maybe ARV is $80K, not $180K.
- Simon W.
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