Business cost - $1MNet Assessed Value - $700k (land + building)Looking for 900k, with 30 years of financing, no balloon payment.This would be my first CRE, I would run and manage the business by myself.Thank you for your time!

Currently, with your layoff situation, you have the opportunity to concentrate on market analysis, studying trends, rental needs, property values, and potential value growth.

Most lenders here on BP will do value add loans on 1-4 units.

Price your apartment effectively so that it reflects market value. 2.

Long story short, gives you a lot of options and depending on a value add play and negotiations, it won't take as much money up front that could be used for renovations.

It will make up for the renters that are not up to market value.

The Chicago-area 1-4 units that I have worked on recently for clients have done very well on their appraised values.

I bought it for $165K in late 2021 & current market value is about $185K.

"low balling" doesn't necessary meet those standards.The way that realtor's generally have to work is provide the seller the true and accurate comps (market value) as well as expressing to them that you could also buy it at a discount but buy it fast, no repairs, etc (all the other stuff wholesalers say/provide).

However, I still have not utilize everything this platform has to offer there is some much value here!