Financing Mult
It depends what you want to do with the property. You could get a hard money then refinance after a while. Where is Mckinleyville. Have you run comps? (What other properties are going for in the area) Have you looked at the expenses and income statements? Do you have any history on this property. Is it vacant or occupied. How did you find it? Sometimes, whoever is holding the note will finance for you. If all else fails, contact local investors and maybe flip it for a fee.
Val
[addsig]
Hi Val
Thanks for your reply!
if and when I buy that property or another ****Must Reach Freshman Investor status before posting URL's*** plan of keeping it,and moving to that area as soon as I sell some property here in california. I could never do anything like that here and be compy with the payment..Property is just to high in our great state of cali. for me
Mckinleyville is just north of Eureka.
The area I plan on buying in the prices start alot less..I could buy a 2 unit out right with the money I get from this sell in cali,but it looks like it would need alot of work,even tho at this time they are all rented at this .time .There is a state universily and 4 other business/tech college and a center for medical ****Must Reach Freshman Investor status before posting URL's*** the area I plan on buying ****Must Reach Freshman Investor status before posting URL's*** found that and other proptery on a multiy listing.what is hard money? and what do they usually charge to fip something like that? before I buy anything I'm going to go back there and look.but was just wondering which was the best and cheapest way to go about it?
thanks again