Updated over 13 years ago on . Most recent reply
Analyzing a deal
I have a opportunity to purchase a 3br/2ba single family home. The asking price is $67,000 But I offer $58,000. The arv is around $100,000 to $110,000. My banker will require a 10 percent down payment of purchase price and will lend 80 percent of arv value to purchase, rehab. After I inspected the property I've estimated the repairs to be around $8000 to $10000.