What can I do with an amazing deal and no financing?
I know of a fantastic deal on a 22 unit. The thing is it needs completely rehabbed. The whole thing would cost 300,000 all together. It would have an instant 100 to 200,000 equity after being fixed up. The rental ROI would be 20% and cash on cash returns of 20%. It could afford paying 12% interest on the 300,000 each year for 20 years until the loan is payed off and still make a sizable profit each month. My question is I have the deal how do I get it done. It is a sizable amount of money needed and don't know how to finance it my personal income is not enough.
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