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Updated over 6 years ago,

User Stats

15
Posts
3
Votes
Herve Alce
  • Investor
  • Deerfield Beach, FL
3
Votes |
15
Posts

Looking for ideas on buying a new property

Herve Alce
  • Investor
  • Deerfield Beach, FL
Posted

Greetings BP family.

I have a deal on the table from a wholesaler. 

Sale Price: $80K

Finders fee: $$10K

Repair Cost: $15K

Total expenses: $105K

ARV(based on comps): $160K - $215K

I would really like to do this deal. It's a cash-only deal. I'm not interested in renting it out or refinancing. Just a fix and Flip. 

My credit is fair and I don't have much cash on hand to finance this deal. 

Are there any suggestions from the community for creative investment strategies?

All I can think of are private lenders or Hard money lenders. If anyone has any ideas, I would really appreciate it.  

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