Updated over 5 years ago on . Most recent reply
My first rental property
I'm in the process of closing my first rental it's a solid single family but does require some rehabilitation. (New roof and cosmetic inside) The question or problem I'm facing is during negotiations I did not analyze the cost of rehab correct, the ARV I assumed will be significant smaller than I projected. Now the cost of the home is more than I projected. I'm possibly going to be in the negative depending on cost of rehab from initial acquisition. What is the best move that I can play to makes this work?