Looking for a conventional/bridge finance for a long term hold
Hi,
I just got a 2 unit + 1 finished basement in westown/noble square area in Chicago under contract. Here are the numbers.....
Unit #: 2 legal units + 1 basement unit which is going to become one more additional legal unit.
Bedroom distribution in the three units are: 4,2 and 2
Price: 400k
Rehab: 60k
ARV: 700k
Exit Strategy: Long term hold
Rental Comps (potential): 6k conservative and 7k or more per month potential if rented out to software professionals per bedroom.
What is the best way to acquire the property? Is there a fix, rehab, hold product?
Looking for