How should I finance the Deal?
I put an offer on a property, it's pending acceptance. However, in the meantime, even if it's not accepted I want to know the best way to fund this deal and which exit strategy. Here are the numbers.
5 bdroom 3 bath main level, unfinished inlaw suite in basement. 1900 sq ft but basement footage was not included via tax records. (idk why)
Asking $110K
Estimated repairs: 65K
ARV : $200 -225k I did a range because of the area.. It's an older neighborhood with old and newer homes.
Offered : 90K
How would you work the deal? I'm a newbie so I'm open to learning ways to structure deals.