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Wow very helpful advice! 😍
So how do you get funds to repair the property if it's a refurbish and rent/sell exit deal.
cant answer that - too many variables. basically you need your own cash if you are borrowing 100% of the purchase price
what does the seller get in this example? is it 200k or 300k?
The seller gets the agreed purchase price which is obviously lower as he has not done the work or incurred the costs of increasing the valueThe purchaser has done this at his own risk so should benefit from the upside
Wow very helpful advice! 😍
So how do you get funds to repair the property if it's a refurbish and rent/sell exit deal.
cant answer that - too many variables. basically you need your own cash if you are borrowing 100% of the purchase price
what does the seller get in this example? is it 200k or 300k?
The seller gets the agreed purchase price which is obviously lower as he has not done the work or incurred the costs of increasing the value
The purchaser has done this at his own risk so should benefit from the upside