Koolcat is on the prowl...
I have a property under contract and need some advice on financing. Here are the details:
Price - 52K
Offered - 50K w/1500 closing
ARV - 83K
Rehad costs - $2500 (paint and carpet)
I'm looking for 100% financing and would like to roll all closing and repair costs into the loan. Is that doable?
My information:
Fico - 711
Still employed
No Consumer debt
6 rentals properties that cashflow
very little cash reserves on hand
Thanks in advance.