Hello to all
I am just getting started in investing, and need some advice
and or opinions on hml’s. Ok, I’ve done my homework as far
as reading researching and so on and have started to look
at properties. Here is a property that I think may be worth making an offer on. But being as I am just getting started I need to know
if hml’s would even consider loaning on this
- bank owned forclosure
4 br 2 1/2 bath 1800 sq ft
listed for 165,900
6 comps all within the last 60 days and within 1/2 mile
average sale of comps $243,960(lowest was 200,000 and the
highest was 277,000)
property needs appx $15-25k in rehab( I know hml’s will
want more precise numbers)
my partner and I have 10-20k of our own to put in
want a more precise number)