Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Innovative Strategies
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 almost 2 years ago on . Most recent reply

User Stats

41
Posts
16
Votes
Stephen E Drew
16
Votes |
41
Posts

Structuring A 2for1 Great Deal

Stephen E Drew
Posted

Hello Everyone.! I have been keeping in contact with a motivated seller for over a year now. They own a vacant single family as well as a newly renovated 2-unit. They are elderly and the husband does have health issues. He has been renovating the 2-unit himself and they have been through hell with their subcontractor's help. The 2-unit is a huge stressor for them. The vacant single family is not a large stress. They told me to give them a number.. money talks and they would be willing to negotiate a deal. 

My goal here is to purchase and hold the 2-unit. I would like to wholesale the single family home because its in a great school district and would be desired. It is a flippers dream. The single family also has a vacant lot beside it which could be built upon.. another great potential with this property and opportunity.

I'm wondering if anyone would like to chat about this deal and run some possibilities for creative financing. I don't have any capital for this purchase but I would really love to "know how" to fund this deal, or what options there are here. Even though I don't have the capital, I fully believe there is a way to help this couple and create a positive outcome for everyone involved. 

Greatly Appreciated! Enjoy the day  

Single family

-ARV $265K

-Rehab ~80K

2-unit

Market Value $175K

PITI~$1,600

Rental Income-$2,100

Loading replies...