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Updated over 7 years ago on . Most recent reply

Sanju Chand's profile image
Sanju Chand's profile image
Sanju Chand
  • Investor
  • from Pearland, Texas
  • Member since Jan 11, 2016
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Sanju Chand's profile image
Sanju Chand's profile image
Sanju Chand
  • Investor
  • from Pearland, Texas
  • Member since Jan 11, 2016
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Sanju Chand
  • Investor
  • Pearland, TX
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Innovative Strategies

partnering on a rehab with seller

Sanju Chand
  • Investor
  • Pearland, TX
Posted

So I have a seller who wants to do this deal.

ARV - 250-290

Rehab Costs - 25k

Amount owed on the house - 155k

The seller wants me to fund the rehab and is willing to pay me 45k (25k plus 20k profit)  on the backend when the house is sold in 3 months.

How can such a deal be structured so that usury laws are not broken, I have a lien on the house and I can remove all my risks associated with the deal.

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