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Updated over 7 years ago,
Home run deal. Need help!
Hello everyone,
Last weekend by sheer luck an amazing deal fell into my arms. My very close friend informed me that his mom (recently divorced) is looking to sell her home in Columbus, Ohio and relocate. The house is 2500+ sq ft and was built just a decade ago. The house is in a great neighborhood and needs new a garage door, new carpet, and paint. The home is easily worth 220k+. I can purchase it for 135k-140k, due to her current circumstances and the fact that her son is one of my best friends. I don't have that amount of money in cash. I do have a 700+ credit score and can get an FHA loan through a local bank, but the process will probably take longer than she is willing to wait (~3 weeks). I am looking for some advice and guidance from all you clever investors. I don't want to lose this deal because of funding. Should I look for local cash buyer to partner with? If so what is the best way to go about it since I am not suppose to do so on here?
Thanks,
-Eugene