Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

33
Posts
17
Votes
Sawyer Dina
  • Flipper/Rehabber
  • Cleveland, OH
17
Votes |
33
Posts

Financing Ideas for a Unicorn of a Deal -- THANKS!

Sawyer Dina
  • Flipper/Rehabber
  • Cleveland, OH
Posted

Here's the Deal:

We picked up a flip for $72,500 and the neighbor wanted to buy it off of us. His motive is to move his parents into this house because they are sick.

We have a signed purchase contract for $115,000 with no inspections, no contingencies, nothing... he is buying it AS-IS and has $10k in escrow.

We would use our own capital if we weren't building a new bank relationship and planning to refi out of a few duplexes next month.

We already have hard money lined up for this deal, but it doesn't make sense to take that route as we are literally selling it less than 30 days after we acquire the property.

Purchase Price: $72,500

Signed Contract Price: $115,000

Purchase Closing Date: 1/27/23

Selling Closing Date: 2/24/23

End Buyer has $10k in escrow and a signed purchase contract

Any suggestions would be appreciated!!

Loading replies...