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Updated over 10 years ago,

User Stats

26
Posts
1
Votes
Jacob Olivos
  • Involved In Real Estate
  • Lake mary, FL
1
Votes |
26
Posts

lake mary home in orlando area market

Jacob Olivos
  • Involved In Real Estate
  • Lake mary, FL
Posted

I have a potential flip opportunity that just fell into my lap that I am trying to creatively buy through private money or a hard money lender, the numbers are solid and are based on comps within 600 yds within +/- 200 sqft and within the past 6 months. Purchase price is 220000 arv is 280000 with very minimal work required (less than 10k) my issue here is upfront cash , the deals I have done in the past required less than 15 k and where between 135000-167000. Now I know its never good to try and bend over backwards to make a deal work but this is a great opportunity and I am very familiar with the area having lived in this city almost 10 years. Basically my question is, what would you all do to get this deal? I have again about 10 cash to play with and about 50k equity in my home. the hard money lenders I have approached have all told me minimum of about 40k down and I just cant make that happen on my own. any ideas? tips? connections to private money that can take my home equity as collateral. ?

thank you again BP forum

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