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Updated over 3 years ago on . Most recent reply

User Stats

66
Posts
15
Votes
Scott Gordon
  • Rental Property Investor
  • Delmont, PA
15
Votes |
66
Posts

How would you fund this deal?

Scott Gordon
  • Rental Property Investor
  • Delmont, PA
Posted

Long story short, had an off market triplex fall into my lap from a friend of a friend. Had a horrible experience as a landlord and has been living in the place for 4 years with 2 units empty and already bought a new house so he’s paying double right now.

Asking $200k (willing to negotiate a little more)

Appraised for $230k in 2018 in current condition

$35k in renovations needed

ARV conservatively is $250k, more likely $275-285k.

Rents would be $2200-2500/month once fixed up

  • Scott Gordon
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