Updated almost 19 years ago on . Most recent reply
Is this a deal
I have an investor selling a house for $210K. The house has a tenant that pays $1,500/mo. The comps in the area range from $275K - $330K. I was going to finanace with hard money lender with 75% LTV and 6 mo terms. The plan is to do minimal repairs as a tenant already lives there and flip the house by the 6 mo deadline.
Does this sound like a good deal? Any thoughts would be helpful!