Deal? If so I need help funding or options please!
I'm a newbie and this would be my first project outside of my personal house. Looking to flip this first if it doesn't sell id be willing to refi and hold as a rental.
House Location: UT (Im in california) I just took a trip to meet up with the realtor team I've been dealing with.
This house is a foreclosure (someone started to flip this and it foreclosed) All big ticket items are new.
Asking price $92,500 (I'd be offering $85,000 to start)
To finish the rehab: $10,000
Comps for the area are $120,000
Realtor is pretty confident He could sell for $130,000
I have enough equity in my current house to do the deal alone, just looking for other options, offers to do this without pulling money out of my house.
Thank you for everyones input ahead of time!
Josh