Updated over 7 years ago on . Most recent reply
Cash Purchase of a Freddie Mac Foreclosure using 70% ARV
Hey guys I am new to real estate investing. I want to know if I can purchase a foreclosed home with cash using the 70%ARV and subtracting the rehab cost in my offer. The home is a Freddie Mac owned property and it has been on the market for 108 days. Would love to know how you all would approach this deal. Also, I have no money to put down.
Most Popular Reply
Hey @Carl Dunn
It is seems like an impossible equation : You want to purchase with cash but you have no money to put down!
If you don't have any cash yourself, you need to partner with someone who has cash and is willing to put it as down payment. The rest could come come in the form of a loan.