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Updated over 7 years ago on . Most recent reply

Gerald McCullough's profile image
Gerald McCullough's profile image
Gerald McCullough
  • Contractor
  • from Jackson, MS
  • Member since Feb 15, 2016

User Stats

45
Posts
14
Votes
Gerald McCullough's profile image
Gerald McCullough's profile image
Gerald McCullough
  • Contractor
  • from Jackson, MS
  • Member since Feb 15, 2016
Gerald McCullough
  • Contractor
  • Jackson, MS
14
Votes |
45
Posts
Mortgage Brokers & Lenders

How would you start ?

Gerald McCullough
  • Contractor
  • Jackson, MS
Posted
Let’s say you found a deal like this for $20K 3BR / 2Ba 1100ft2 available now 3br 2ba available for CASH BUYERS. It is currently renting for $600 a month with a 5yr tenant. Only minor touch ups needed. In an area that houses are selling for well above $75k , but the only experience you have in real estate has been wholesaling and lease options. Would like to purchase as a buy and hold. How should you structure to get lender to fund deal for short term for 1yr ?
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