This might be a stupid question but I am having some trouble with this. If total investment for the end buyer is more than the ARV is it still worth going after?
Here is the situation.
I am about to contract a hous...
ARV - $40,000
My Maximum Allowable Offer (MAO) - $21,500
Montly Rent $550
Operating Expenses $275
20% down on private financing of MAO purchase price = $4300
Monthly Private Financing Payment 8% interest = $12...
I spend a lot of time searching for homes...MLS, Auctions, Foreclosures, Short Sales...etc...
Any ideas on how I can have good deals brought to me? Or any other avenues of finding homes?
Thanks!!
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $717,500
Cash invested: $180,000
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