I am considering a house in a town right near me. On the MLS off and on for years. Price way down now. The owner has said no to owner financing.
Are there any other creative suggestions you guys can come up with?
As far as I know there is no mortgage but I should find our more tomorrow.
This house is listed for $32,000 and has an ARV of $150-175,000.
Figuring high on the repairs and low on the ARV I come up with gross profit of $58,000. Not bad.
Any thoughts are apprciated.
" The only difference between me and successful people is they started before me."