Updated over 7 years ago on . Most recent reply
What do you think of this deal?
Seller is very motivated to sell her mother's former home, which is currently in a hoarder condition (hoarder was evicted). I have good comps that show the ARV is about 264,000. We are estimating rehab costs, but offhand I'm estimating $40,000. I prefer to hold, if I can, and I'll ask for a seller balance carry-back, but I think she wants the cash. BRRR seems like a good strategy, but what would you recommend? Thanks!
*This link comes directly from our calculators, based on information input by the member who posted.