First-I'm new to the forum and I'm hoping I'm posing this in the right spot.
I found the podcast a couple of weeks ago and I've been listening to 2 to 3 a day everyday and love it.
Ive got a couple of rental property today and also building new construction. I finance the new construction with my own money. The question i have is I've got a property that should appraise around 170ish and I've already lowered the price down to 159,900 and it starting to show a lot but no offers and dont really want to lower the price again, but I'm stuck as i have a lot of money tied up with the build and wanted to know if there is a way to purchase the house and just rent it so i could keep the cash flow going to build another one.
-If it appraises for 170,000
-If i could find a bank to do a 90/10 loan. I would be able to pull out 155ish and that would pay me a little bit and add to my rentals.
I do have a LLC.
Hope this helps and please let me know if you think this could be done.
Hello Tyler, I live in Hendersonville and just started networking on Bigger Pockets. It looks like you posted this about a month ago. Were you able to sell the property you mentioned?
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