Updated almost 10 years ago on . Most recent reply

26 Unit complex, 185k
Im looking to buy a 26 unit complex, its buy point is 185k, its city appraisal is 150k, its comp ranges in the 220-600k range.
Im looking for funding, but I have bad credit. My options?
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I know your post is about funding, but I am more interested in the property itself. I am trying to imagine a 26 unit building that you can buy for $185,000. I am seeing an abandoned/condemned building with vagrants living inside. All the units are 1 bed/1bath, and it is located in a war zone.