Updated almost 8 years ago on . Most recent reply
What route should I go?
IN NEED OF GUIDANCE!!
I recently put a 2 Bed 1 bath half-duplex that's in a prime location under contract for $8,000(Pre-Foreclosure). It will need about $40,000 in repairs and the ARV is around $200,000. I am indecisive on the direction I should go. (The main issue is that I have reached out to several financial institutions & I cannot get financing to save my life) My options so far are.
1. Buy it cash and worry about repairs later (Home Improvement Loan)
2. BRRRR
3. Fix & Flip
If anyone out there has any suggestions I would greatly appreciate them.
Thx,
Alex