Involved In Real Estate · Philadelphia, PA · Member since 2012 · 46 posts · 8 votes
I found a property Free and clear with an ARV of $515,000. The property needs a full rehab, which I estimate at $100,000. Home next door in similar condition sold for $275,000 cash. The owner is asking $300,000. Would a seller financed deal for 5 years be a good solution to acquire this property?
@Chris Harper Will the owner do the $300K all in seller financing? If so you need to buy today. $300K purchase price, $100K rehab $515K ARV means a profit of $115K if you flip right away? Run and lock this up today.