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Updated over 4 years ago on . Most recent reply

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Fiona Layne
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First Investment Property Purchase fix and rent

Fiona Layne
Posted

I found a house I would like to purchase as an investment property, rent it but would like to use non traditional financing. How to obtain financing without a bank? 

How do I assess whether this would be a profitable deal worth investing in?

Listed at $130k, repairs estimated at $30K

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Caleb Brown
#3 General Real Estate Investing Contributor
  • Real Estate Agent
  • Kansas City
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Caleb Brown
#3 General Real Estate Investing Contributor
  • Real Estate Agent
  • Kansas City
Replied

Hard money or private money lenders? You need to crunch rehab and go conservative, include holding costs, conservative ARV, and leave room for error. Go from there to figure out if the deal is worth it.

  • Caleb Brown

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