I found a triplex for pretty cheap($50K), but all three units need to be remodeled. The remodeling would cost about $50K, according to my business partner/contractor. Based on similar nearby units, the total rent for all three units would be around $1800 - $2,000 a month.

Being an investment property that I don't plan on living in, FHA 203K and homestyle aren't really options.

Will my best bet be all cash, hard money, or a bridge loan?

likehelpful
Posting as :
works at
You are currently posting as works at

Cash or heloc imo

like

Which market?

Small town in the south east

Send me the deal I’ll partner. Dm

If you dont buy it please refer it to me lol.

What is the average Cash on Cash return in the area? Will the income beat the average? I just had an agent bring me a deal that would net $1,200 per year after all expenses for an investment of $40,000. the average CoC return in my market is around 8%... I did not take this deal.

Dude he just said… 1800/mo gross on 100k is roughly 10k after expenses. That’s 10% much better than your deal

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