Buy & Hold · Altoona, PA · Member since 2015 · 25 posts · 1 vote
Hello,
Im new at REI. I just got my 2nd deal under contract and looking for advice/buyer. Nice rehab deal in my opinion, but I don't have cash for the investment. I would need to do a hard money loan and the cost of the loan would take a big chunk of my profit. Any advice or help or a cash buyer would be awesome :) Seller is looking to close March 24, 2016.
Buy & Hold · Altoona, PA · Member since 2015 · 25 posts · 1 vote
10y
I don't have a buyer, and I would consider a JV. I only have access to about $10k and it would be a 6% loan. From what I can see, the only way this deal is profitable as a rehab is with cash.