Looking at a deal and how much to spend

[William Fritsche]

So let me see if I have an understanding of how to look for a deal.

So I find a property and have it appraised/inspected and the Approximate Retail Value of the property is $380,000. It needs $20,000 in repairs but has an 100% occupancy. So I should be looking to only pay or get a loan for 70% of $360,000 and try to close the deal?

This sounds tough to find.

Please let me know what parts I am missing and out line how you would look at a deal.

How do I figure in the 50% of the NOI and other things you are doing?

Will,