Updated over 6 years ago on . Most recent reply
*New Investor Looking for guidance*
I have a property that I am looking into for owner finance. The property's ARV is $200k. He wants $150k. Repairs would be $15k.
Rents are conservatively $1350/month. I want to buy the property and fix it up. I’m trying to figure out if these numbers are good for my first rental.
Can I get some type of loan to get the repairs done, and also get the owner to delay payments.
Im also confused on how to setup payment terms that would work on my favor and also makes sense for the homeowner.
Most Popular Reply
@JaMario Price
No problem
Just keep at it, it's a marathon not a sprint.
Better Knowledge = better investment
Ignorance = bad investment
Also keep learning, always ask for help, and never assume anything you dont have to and you get were your going.