How do you come up with an ARV, under these circumstances.

Plenty of cash, mediocre credit due to circumstances beyond my control.

"Equity" is thus a function of your point of view and the circumstances surrounding the discussion.

Inspect the property, these properties often have major problems that either the owner knows about and is passing problems on to a new buyer, or they don't know about but through neglect or ignorance have heightened.2.

I suggest you go to a mortgage originator/lender and spend a few minutes to be pre-qualified and explain your circumstances.

Do not neglect target market, neighborhood, and local employment/employer considerations.

Do not neglect target market, neighborhood, and local employment/employer considerations.

If the circumstances warrant it, I'd use a bridge for the first 12-18 months followed by CMBS or agency financing for the permanent component.I think your model is great as long as you have the investors for it, sellers that go along with the entity acquisition model, and the lenders to do the 223F.

There are a lot of people out there who do not have the time to invest, but given the right circumstances would be willing to lend money for a return.

You did it no matter what your circumstance and no matter what anyone else thought - you made your dream come true.