Multifamily is recovering and as rates start to slightly come down more multifamily deals are being reviewed.

I'm a local real estate agent and would love to help you out on making this deal work.

Like deal killing hoops to jump through.   

How can you deploy $250-270k on the next deal because that's realistically your equity position after the remodel.

What made you interested in investing in this type of deal?

I can find the deals through certain websites and other resources, but i hav barely a clue on how to actually pull the comps.

Cash invested: $60,000 656 sq foot, 1 BR Condo What made you interested in investing in this type of deal?

However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow.