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.
Classifieds
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 over 8 years ago,

User Stats

800
Posts
228
Votes
Steve S.
  • Lender
  • Los Angeles, CA
228
Votes |
800
Posts

Make $200,000 in 30 days!! - Buyer in place - 7%+ CAP in LA, CA

Steve S.
  • Lender
  • Los Angeles, CA
Posted

THIS DEAL JUST GOT WAY SWEETER!!!

It was on a 90-day clock, now it's less than 30 days

This is a great opportunity for people who like to make fast money. I have a unique situation where a client's mother died leaving her a retail space. Because there is a death clause in the NOTE wells fargo has accelerated the loan and is going forward with foreclosure proceedings.

The property is worth $1.5M easy. We have a buyer in place to buy it with a hard money loan for $1.4M at a discount. The catch is the seller won't own it in 20 days because of the foreclosure. So we need someone to come in, buy it for $1.2M and then resell it for $1.4M and make $200,000. It is currently leased triple net, way below market at $7500/month.

So let me know if you want to make a quick buck.

Call me at 310-948-8585

Offering

Loading replies...