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Updated over 4 years ago on . Most recent reply

User Stats

14
Posts
8
Votes
Dustin Pringle
  • Real Estate Agent
  • North East Ohio
8
Votes |
14
Posts

How to find Financing

Dustin Pringle
  • Real Estate Agent
  • North East Ohio
Posted

I am doing work for an older gentleman, rehabbing his rental. He also owns the property next door. Today he listed the neighboring property. I am also a licensed agent. He asks me if I want to list the house I have been working in. Well Curiosity peaked. I looked them up in the MLS. The Numbers look good. Each Property will bring between 9 to 13 % ROI. The combined net cashflow is between $500-750 a mo. I would really love to get both Properties. My question is does this deal sound like something worth perusing ? What kind of creative financing options are out there? I don't have my in savings, and I rebuilding my credit. I just had to get a car note recently. Do I have options? Or should I just take the listing and move on?

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