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Updated about 8 years ago,
Off Market 19 Unit Deal
Hey BP,
I hope everyone had a great Thanksgiving and enjoyed time with family and friends. So yesterday I stumbled upon a 19 unit off market deal while driving for dollars in Macon, Ga where I do all of my investing. The owners and I were able to work out a deal because they need to get this off their books by 12/30/16. They are carrying back 80% of the loan and I'm coming to closing with the other 20% down, which I already have ready to go. The property needs anywhere from 75k to 100k worth of work to get it 100% occupied and where it needs to be.
So I'm asking if anyone knows of any great hard money lenders with reasonable rates that could provide rehab dollars effective once 2017 kicks off. It's already a great deal because I'm buying into about 90k of equity before even touching the property with an additional 100k to 150k once I have completed the rehab.
Any referrals would be greatly appreciated and thank you again BP community for all the education you have provided me over this past year. This has lead to all my success this year and many more to come!
Thank you,
Curtis