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Updated about 9 years ago on . Most recent reply

User Stats

17
Posts
15
Votes
Andreas Blomst
  • Investor
  • Santa Barbara, CA
15
Votes |
17
Posts

I found a deal that is bigger than me, now what?

Andreas Blomst
  • Investor
  • Santa Barbara, CA
Posted

I just stumble across a property that needs a fast sale, all cash a must. I wanted to lock it in but the lawyer is demanding proof of funds and while I could probably borrow the funds I don't have them in the bank. Here are the numbers 1.1-1.2M value, cash price 720k House needs 70k in foundation and could use a bit of updating but is completely livable as is. I have walked house and am friends with listing agent. Anyone have any ideas or looking for a deal? 

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