Million Dollar Property, UNDER MARKET! (No Rehab needed!)

[Jelani Sanders]

Hello everyone! I have an EXTREMELY interesting deal on the table and need all the help/advice I can get with executing this deal. I will get straight to the details of the situation.

There is a property that my friend and business parter was offered at a pretty good discount. The property was just appraised and came back at $1.44 Million dollars. The owner is willing to sell the property to my partner for $1.1 Million, the reason my friend is being offered this discount is because he has already lived in the property for years as a tenant and has spent a substantial amount of money in rent to the seller.

Our plan is to acquire the property and then sell it asap, hoping to make a big pay day! Nothing is wrong with the property, beautiful place, everything in working condition!

NOW for the dilemma.. My partner already has the purchase agreement but the reason he can not acquire the property with a traditional loan is because of a tax lien that he has and we do not want it to go on to the property, which would destroy profit margins. He has the income/tax returns for a deal like this to get approved but the lien is the issue, I have great personal credit, we also have business credit. How can we make this deal happen? Maybe there is a hard money lender that will work with us on a deal like this? or a private investor? The opportunity is time sensitive. How can we make it happen?

Appraised Value: $1.44 Million

Sale price: $1.1 Million

Zip Code: 30328

Bedrooms: 6

Bathrooms: 6

Sqft: 5,384

Acreage: 0.8