First deal under contract.. HELP!!!!
Hello BP,
GO HEELS!!!! For all of my UNC Tarheel fans #1 seed babyyyyyyyy!!!
Okay down to business.
I have my first property under contract for 54k and its a duplex but needs to be rehabbed to meet market rent comps in the area.
Comps show both sides can rent for 1000k a month rehabbed.
Im torn between wholesaling it or holding it and doing the rehab.
Im fresh from reading @Brandon Turners book on investing with little to no money down so my brain is really going 100 miles per hour right now thinking of all the ways to do this deal.
I know a local bank that will lend on 100% of the purchase price since its in a certain area but then that leaves me to do the rehab out of my own pocket so if anyone could think of some creative ways for me to get the funding for the rehab and be able to hold it for 2000k a month I would greatly appreciate it.