First Analysis of Rental Bought with private money
Hi, I am working on buying my first rental. It is a foreclosure, so I am thinking it will have to be private $.
The asking is $46K. ARV is $140K. I would hold it as a rental, $1100 per month. It is a 2/1 near an air force base, in a decent school district.
My question is this: how do I run the rental property analysis, how do I account for private money? Do I just ener it as a cash purchase?
I have watched Brandon's video, but didn't get this answered.
This is my first analysis, and I have loads of newbie questions. Pardon me, but thank you in advance!