Thinking about using a hard money lender.
So I found a older gentlemen through a family member that he maybe interested in selling 2 all brick 4plexs. I called and briefly talked with him. Just curious on what he wanted and what rent was. I want to set an appointment up and go tour the place. From my understanding nothing has been updated. Well he is asking 400,000 and rent is 600 a month across the board. Thinking a bit high. I haven't found out expenses yet.
I was toying with a hard money lender. Never have used a hard money lander. Right now I am just finishing a full remod on a duplex we bought last year. Tenants move in that next month. I didn't think he was ready yet, so this kind of came quick. He hasn't talked with a realtor yet so might be able to slide in there.
I haven't run any numbers yet. Was calling on garbage and water tomorrow.